Auto supplier Hematite to invest $11.5M in second US location

SourcePlastics News
Date Published05/10/2019
Author NameAudrey LaForest
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Hematite Inc.
Parent companyHematite Inc.
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Total number of jobs (added or to be added):70
Year reshoring announced:2019
Year reshoring implemented or to be implemented:2020
Capital investment ($):11.5
Country(ies) from which reshored:Canada
City reshored to:Fayetteville
State(s) reshored to:TN
If relevant, work nearshored to:-
Industry(ies):Transportation Equipment
Product(s) reshoredautomobile components from recycled materials
What domestic positive factors made reshoring more attractive?Proximity to customers/market, Skilled workforce availability/training, Under-utilized capacity
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