FDI in the U.S. Auto Industry Continues Unabated

SourceArea Development
Date Published08/01/2019
Author NameDan Emerson
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Kumho Tire Co., Inc.
Parent companyKumho Tire Co., Inc.
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Year reshoring announced:2019
Capital investment ($):450
Country(ies) from which reshored:Korea, Republic of
City reshored to:Macon
State(s) reshored to:GA
If relevant, work nearshored to:-
Industry(ies):Plastic & Rubber Products
Product(s) reshoredautomotive tires
What non-domestic negative factors made offshoring less attractive?Other, rising materials costs
What domestic positive factors made reshoring more attractive?Automation/technology, Eco-system synergies, Proximity to customers/market, Skilled workforce availability/training
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