Tire Makers are Rolling In

SourceAutomotive News
Date Published04/13/2019
Author NameStephanie Mcgavin
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Triangle Tire USA
Parent companyTriangle Tyre Co. Ltd.
Type of work Manufacturing
If manufacturing, is the company an OEM? Yes
Reshoring category:Foreign Direct Investment
Year reshoring announced:2019
Year reshoring implemented or to be implemented:2020
Domestically, the work will be done:In-house
Capital investment ($):580
Country(ies) from which reshored:China
City reshored to:Tarboro
State(s) reshored to:NC
If relevant, work nearshored to:-
Industry(ies):Transportation Equipment
Product(s) reshoredtires
What non-domestic negative factors made offshoring less attractive?Freight cost, Tariffs, Total cost
What domestic positive factors made reshoring more attractive?Customer responsiveness improvement, Lead time/Time to market, Proximity to customers/market
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