The South’s Magnet for Foreign Direct Investment

SourceSite Selection Magazine
Date Published04/01/2019
Author NameMark Arend
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name VTL Precision
Parent companyVTL Group
Type of work Manufacturing
If manufacturing, is the company a contract manufacturer?Yes
Reshoring category:Foreign Direct Investment
Total number of jobs (added or to be added):10
Year reshoring announced:2019
Capital investment ($):8.2
Country(ies) from which reshored:United Kingdom
City reshored to:Goose Creek
State(s) reshored to:SC
If relevant, work nearshored to:-
Industry(ies):Transportation Equipment
Product(s) reshoredengine, transmission and turbocharger components
What domestic positive factors made reshoring more attractive?Eco-system synergies, Impact on domestic economy
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