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 Giti Tire
Parent companyGT Asia Pacific Holdings
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Year reshoring announced:2019
Capital investment ($):560
Country(ies) from which reshored:Singapore
City reshored to:Richburg
State(s) reshored to:SC
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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