Feralloy Plans Manufacturing Plant in Ghent, Kentucky

URLhttps://www.areadevelopment.com/newsItems/7-14-202
SourceArea Development
Date Published07/14/2020
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Feralloy Corp.
Type of work Manufacturing
Reshoring category:Reshoring
Total number of jobs (added or to be added):30
Year reshoring announced:2020
Year reshoring implemented or to be implemented:2021
Domestically, the work will be done:In-house
Capital investment ($):17.5
City reshored to:Ghent
State(s) reshored to:KY
If relevant, work nearshored to:-
Industry(ies):Primary Metal Products (not including Foundries and Castings)
Product(s) reshoredsteel sheets
What domestic positive factors made reshoring more attractive?Government Incentives, Infrastructure, Proximity to customers/market, Raw Materials Cost, Skilled workforce availability/training
Government Incentive dollar amount:$90,000
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