Capital Ideas: USA Attracts Textile Investments

SourceTextile World
Date Published09/10/2018
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Lenzing AG
Parent companyLenzig Group
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Total number of jobs (added or to be added):163
Year reshoring announced:2018
Year reshoring implemented or to be implemented:2019
Capital investment ($):293
Country(ies) from which reshored:Austria
City reshored to:Axis
State(s) reshored to:AL
If relevant, work nearshored to:-
Industry(ies):Apparel & Textiles
Product(s) reshoredlyocell fibers
What non-domestic negative factors made offshoring less attractive?Travel cost/time
What domestic positive factors made reshoring more attractive?Customer responsiveness improvement, Image/brand, Lead time/Time to market, Proximity to customers/market, Under-utilized capacity
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