Company/Division name | KRA Operations LLC |
Parent company | Precision Co. Ltd. |
Type of work | Manufacturing |
If manufacturing, is the company an OEM? | Yes |
Reshoring category: | Foreign Direct Investment |
Total number of jobs (added or to be added): | 57 |
Year reshoring announced: | 2020 |
Capital investment ($): | 11.5 |
Country(ies) from which reshored: | Korea, Republic of |
City reshored to: | Newberry County |
State(s) reshored to: | SC |
If relevant, work nearshored to: | - |
Industry(ies): | Machinery, Plastic & Rubber Products |
Product(s) reshored | metal stamping and injection molding |
What domestic positive factors made reshoring more attractive? | Government Incentives, Impact on domestic economy, Lead time/Time to market, Proximity to customers/market, Skilled workforce availability/training |
Government Incentive dollar amount: | $400,000 |