Continental Tire expanding Lancaster County operations

URLhttps://columbiabusinessreport.com/news/manufactur
SourceColumbia Regional Business Report
Date Published10/27/2020
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Continental Tire the Americas LLC
Parent companySchaeffler Group
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Year reshoring announced:2020
Year reshoring implemented or to be implemented:2022
Domestically, the work will be done:In-house
Capital investment ($):20
Country(ies) from which reshored:Germany
City reshored to:Fort Mill
State(s) reshored to:SC
If relevant, work nearshored to:-
Industry(ies):Plastic & Rubber Products
Product(s) reshoredtires, car tires, SUV tires
What domestic positive factors made reshoring more attractive?Government Incentives, Under-utilized capacity
Government Incentive dollar amount:$2.6 million
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