Germany-based Klöckner Pentaplast Expands Louisa County, Virginia, Plant

SourceArea Development
Date Published01/17/2019
Author NameArea Development News Desk
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Klockner Pentaplast
Parent companyKlockner-Werke AG
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Total number of jobs (added or to be added):34
Year reshoring announced:2019
Capital investment ($):25
Country(ies) from which reshored:Germany
City reshored to:Gordonsville
State(s) reshored to:VA
If relevant, work nearshored to:-
Industry(ies):Plastic & Rubber Products
Product(s) reshoredpharmaceutical & medical device packaging film
What domestic positive factors made reshoring more attractive?Automation/technology, Eco-system synergies, Government Incentives, Higher productivity, supporting local jobs in the community
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