MRI Components Maker to Expand in Upstate NY

Date Published05/17/2019
Author NameAndy Szal
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Philips Medical Systems
Parent companyKoninklijke Philips NV
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Total number of jobs (added or to be added):94
Year reshoring announced:2019
Capital investment ($):13.2
Country(ies) from which reshored:Netherlands
City reshored to:Latham
State(s) reshored to:NY
If relevant, work nearshored to:-
Industry(ies):Computer & Electronic Products
Product(s) reshoredMRI components
What domestic positive factors made reshoring more attractive?Government Incentives, Skilled workforce availability/training, Other, expansion
Government Incentive dollar amount:$1 million
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