Spanish auto supplier AIT will locate in Augusta

SourceThe Augusta Chronicle
Date Published05/07/2019
Author NameDamon Cline
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name AIT Group USA, Inc.
Parent companyAcoustic & Insulation Techniques (AIT 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):45
Year reshoring announced:2019
Year reshoring implemented or to be implemented:2019
Capital investment ($):12
Country(ies) from which reshored:Spain
City reshored to:Augusta
State(s) reshored to:GA
If relevant, work nearshored to:-
Industry(ies):Transportation Equipment
Product(s) reshoredinsulation & vibration absorbers for automobiles
What domestic positive factors made reshoring more attractive?Eco-system synergies, Government Incentives, Infrastructure, Lower real-estate/construction cost, Proximity to customers/market, Skilled workforce availability/training, Under-utilized capacity
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