URL | https://www.powderbulksolids.com/news/Industrial-M |
Source | PRNewswire |
Date Published | 02/26/2020 |
Mentions specific company case(s) of reshoring, kept from offshoring, or transplant | Yes |
Company/Division name | Industrial Magnetics Inc |
Parent company | Industrial Magnetics Inc |
Type of work | Manufacturing |
Reshoring category: | Reshoring |
Year reshoring announced: | 2019 |
City reshored to: | Boyne City |
State(s) reshored to: | MI |
If relevant, work nearshored to: | - |
Industry(ies): | Machinery |
Product(s) reshored | industrial magnetics |
What domestic positive factors made reshoring more attractive? | Automation/technology, Higher productivity, Image/brand, Lead time/Time to market, Under-utilized capacity |