SKF Expands Sumter, South Carolina, Manufacturing Facilities

URLhttps://www.areadevelopment.com/newsItems/12-2-201
SourceArea Development
Date Published12/10/2019
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name SKF Group
Parent companyAB SKF
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Total number of jobs (added or to be added):10
Year reshoring announced:2019
Year reshoring implemented or to be implemented:2020
Capital investment ($):26
Country(ies) from which reshored:Sweden
City reshored to:Sumter
State(s) reshored to:SC
If relevant, work nearshored to:-
Industry(ies):Fabricated Metal Products
Product(s) reshoredbearings
What domestic positive factors made reshoring more attractive?Government Incentives, Lead time/Time to market, Proximity to customers/market
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