Volvo Group Expands Hagerstown, Maryland, Plant

URLhttps://www.areadevelopment.com/newsitems/6-14-202
SourceArea Development
Date Published06/14/2021
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Volvo Group North America
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Total number of jobs (added or to be added):10
Year reshoring announced:2021
Year reshoring implemented or to be implemented:2023
Capital investment ($):33
Country(ies) from which reshored:China,Sweden
City reshored to:Hagertown
State(s) reshored to:MD
If relevant, work nearshored to:-
Industry(ies):Transportation Equipment
Product(s) reshoredVehicle Propulsion Lab (R&D)
What non-domestic negative factors made offshoring less attractive?Quality/rework/warranty
What domestic positive factors made reshoring more attractive?Lead time/Time to market, Manufacturing/engineering joint innovation (R&D)
Find Reshoring Articles