Japan-Based Ocean Network Express Expands Richmond, Virginia Headquarters

SourceArea Development
Date Published08/23/2018
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Ocean Network Express
Parent companyOcean Network Express
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Total number of jobs (added or to be added):129
Year reshoring announced:2018
Capital investment ($):2.5
Country(ies) from which reshored:Japan
City reshored to:Richmond
State(s) reshored to:VA
If relevant, work nearshored to:-
Industry(ies):Transportation Equipment
Product(s) reshoredshipping containers
What domestic positive factors made reshoring more attractive?Infrastructure, Impact on domestic economy, Proximity to customers/market
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