Medical manufacturer moving ahead with $13.2 million expansion in Latham

SourceAlbany Business Review
Date Published08/07/2019
Author NameLiz Young
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Philips Medical Systems MR Inc.
Parent companyPhilips
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Total number of jobs (added or to be added):94
Year reshoring announced:2019
Year reshoring implemented or to be implemented:2019
Capital investment ($):13.2
Country(ies) from which reshored:Netherlands
City reshored to:Latham
State(s) reshored to:NY
If relevant, work nearshored to:-
Industry(ies):Computer & Electronic Products
Product(s) reshoredmagnets for MRI machines
What domestic positive factors made reshoring more attractive?Government Incentives, Other, expansion
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