Mytex investing $7M to add capacity, workforce in Georgia

URLhttps://www.plasticsnews.com/news/mytex-investing-
SourcePlastics News
Date Published05/28/2020
Author NameFrank Esposito
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Mytex Polymers U.S. Corp
Parent companyMitsubishi Chemical Corp.
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Total number of jobs (added or to be added):15
Year reshoring announced:2020
Year reshoring implemented or to be implemented:2020
Domestically, the work will be done:In-house
Capital investment ($):7
Country(ies) from which reshored:Japan
City reshored to:Covington
State(s) reshored to:GA
If relevant, work nearshored to:-
Industry(ies):Plastic & Rubber Products, auto parts, household appliances, packaging
Product(s) reshoredlong glass fiber polypropylene compounds
What domestic positive factors made reshoring more attractive?Government Incentives, Lead time/Time to market, Skilled workforce availability/training, Under-utilized capacity
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