Hyundai affiliate plans $240M transmission plant in Georgia

URLhttps://apnews.com/article/alabama-georgia-archive
SourceAP News
Date Published12/01/2020
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Hyundai Transys
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Total number of jobs (added or to be added):678
Year reshoring announced:2020
Domestically, the work will be done:In-house
Capital investment ($):240
Country(ies) from which reshored:Korea, Republic of
City reshored to:West Point
State(s) reshored to:GA
If relevant, work nearshored to:-
Industry(ies):Transportation Equipment
Product(s) reshored8 speed transmissions
What domestic positive factors made reshoring more attractive?Eco-system synergies, Government Incentives, Skilled workforce availability/training
Government Incentive dollar amount:$3500 per job
Find Reshoring Articles