International manufacturing company expands US headquarters in Beverly

SourceThe Salem Times
Date Published10/14/2018
Author NameEthan Forman
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Krohne Inc.
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Total number of jobs (added or to be added):99
Year reshoring announced:2018
Domestically, the work will be done:In-house
Capital investment ($):25
Country(ies) from which reshored:Germany
City reshored to:Beverly
State(s) reshored to:MA
If relevant, work nearshored to:-
Industry(ies):Machinery, beverage
Product(s) reshoredflow and level instrument and calibration
What domestic positive factors made reshoring more attractive?Eco-system synergies, Government Incentives
Government Incentive dollar amount:320,000
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