New Ford Bronco will use newer, lighter steel made in Alabama at ArcelorMittal

URLhttps://www.alreporter.com/2020/10/14/new-ford-bro
SourceAlabama Political Reporter
Date Published10/14/2020
Author NameBrandon Moseley
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name ArcelorMittal
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Year reshoring announced:2020
Year reshoring implemented or to be implemented:2020
Domestically, the work will be done:In-house
Capital investment ($):500
Country(ies) from which reshored:Luxembourg
City reshored to:Calvert
State(s) reshored to:AL
If relevant, work nearshored to:-
Industry(ies):Castings/Foundries - Subset of Primary Metal Products, Primary Metal Products (not including Foundries and Castings)
Product(s) reshoredFortiform 980 GI, steel slabs
What non-domestic negative factors made offshoring less attractive?Tariffs
What domestic positive factors made reshoring more attractive?Customer responsiveness improvement, Eco-system synergies, Proximity to customers/market, Skilled workforce availability/training, Under-utilized capacity, Other, tariffs
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