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) reshored | 8 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 |