Auto Components Maker Announces New $10 Million Ohio Plant

URLhttps://www.thomasnet.com/insights/auto-components
SourceThomas.net
Date Published06/26/2020
Author NameAndy Szal
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Adler Pelzer
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Total number of jobs (added or to be added):80
Year reshoring announced:2020
Year reshoring implemented or to be implemented:2020
Domestically, the work will be done:In-house
Capital investment ($):10
Country(ies) from which reshored:Germany
City reshored to:Oregon
State(s) reshored to:OH
If relevant, work nearshored to:-
Industry(ies):Transportation Equipment
Product(s) reshoredacoustic and thermal components and systems
What domestic positive factors made reshoring more attractive?Eco-system synergies, Government Incentives, Proximity to customers/market
Government Incentive dollar amount:seven-year state job creation tax credit of 1.293%
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