Sweden-Based Bulten AB Chooses Streetsboro, Ohio for Manufacturing Campus

URLhttps://www.areadevelopment.com/newsItems/6-10-202
SourceArea Development
Date Published06/10/2020
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Bulten North America
Parent companyBulten AB
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Total number of jobs (added or to be added):35
Year reshoring announced:2020
Year reshoring implemented or to be implemented:2020
Domestically, the work will be done:In-house
Capital investment ($):4.3
Country(ies) from which reshored:Sweden
City reshored to:Streetsboro
State(s) reshored to:OH
If relevant, work nearshored to:-
Industry(ies):Transportation Equipment
Product(s) reshoredfasteners for automotive industry
What domestic positive factors made reshoring more attractive?Eco-system synergies, Proximity to customers/market
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