Company/Division name | FerraTex Solutions, LLC |
Parent company | Applied Felts Inc |
Type of work | Manufacturing |
Reshoring category: | Foreign Direct Investment |
Total number of jobs (added or to be added): | 15 |
Year reshoring announced: | 2020 |
Capital investment ($): | 1.95 |
Country(ies) from which reshored: | United Kingdom |
City reshored to: | Henry County |
State(s) reshored to: | VA |
If relevant, work nearshored to: | - |
Industry(ies): | Apparel & Textiles |
Product(s) reshored | pipe lining |
What domestic positive factors made reshoring more attractive? | Government Incentives, Infrastructure, Impact on domestic economy, Lead time/Time to market, Proximity to customers/market, Skilled workforce availability/training |
Government Incentive dollar amount: | .18 |