GLOBAL AUTOMOTIVE PARTS MANUFACTURER SELECTS LEE COUNTY FOR MAJOR ALUMINUM FORGING FACILITY IN NORTH CAROLINA

URLhttps://www.nccommerce.com/news/press-releases/glo
SourceNorth Carolina Dept of Commerce
Date Published09/17/2019
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Bharat Forge America
Parent companyKalyani Group
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Total number of jobs (added or to be added):304
Year reshoring announced:2019
Capital investment ($):127.3
Country(ies) from which reshored:India
City reshored to:Lee County
State(s) reshored to:NC
If relevant, work nearshored to:-
Industry(ies):Transportation Equipment
Product(s) reshoredaluminum forging for auto parts
What domestic positive factors made reshoring more attractive?Eco-system synergies, Government Incentives, Manufacturing/engineering joint innovation (R&D), Proximity to customers/market, Skilled workforce availability/training
Government Incentive dollar amount:3.5
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