Virginia showcases new Israeli technology for transforming waste and hopes economic investment follows

SourceRichmond Times-Dispatch
Date Published08/28/2019
Author NameMichael Martz
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name UBQ Materials
Parent companyUBQ Materials
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Total number of jobs (added or to be added):250
Year reshoring announced:2019
Year reshoring implemented or to be implemented:2020
Capital investment ($):80
Country(ies) from which reshored:Israel
State(s) reshored to:VA
If relevant, work nearshored to:-
Industry(ies):Plastic & Rubber Products
Product(s) reshoredrecycled plastic composite
What domestic positive factors made reshoring more attractive?Proximity to customers/market, Other, previous business connections in Virginia
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