Electrical Equipment Manufacturer Spends $16.5 Million on Missouri Expansion

URLhttps://www.thomasnet.com/insights/electrical-equi
SourceThomas.net
Date Published09/03/2020
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name WEG Transformers
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Total number of jobs (added or to be added):64
Year reshoring announced:2020
Year reshoring implemented or to be implemented:2026
Domestically, the work will be done:In-house
Capital investment ($):16.5
Country(ies) from which reshored:Brazil
City reshored to:Washington
State(s) reshored to:MO
If relevant, work nearshored to:-
Industry(ies):Electrical Equipment, Appliances & Components
Product(s) reshoredutility pad-mounted distribution transformers
What domestic positive factors made reshoring more attractive?Government Incentives, Proximity to customers/market, Under-utilized capacity
Government Incentive dollar amount:$400,000
Find Reshoring Articles