Layn Corp to invest $60m in building US CBD operation

Date Published06/05/2019
Author NameElaine Watshon
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Layn USA, Inc.
Parent companyGuilin Layn Natural Ingredients Corp.
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Year reshoring announced:2019
Year reshoring implemented or to be implemented:2020
Capital investment ($):60
Country(ies) from which reshored:China
If relevant, work nearshored to:-
Product(s) reshoredhemp-derived CBD
What domestic positive factors made reshoring more attractive?Automation/technology, Proximity to customers/market, Raw Materials Cost
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