Gestamp Expands Manufacturing in Chattanooga, Tennessee

URLhttps://www.areadevelopment.com/newsItems/11-27-20
SourceArea Development
Date Published11/27/2020
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Gestamp
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Total number of jobs (added or to be added):260
Year reshoring announced:2020
Domestically, the work will be done:In-house
Capital investment ($):94.7
Country(ies) from which reshored:Spain
City reshored to:Chatanooga
State(s) reshored to:TN
If relevant, work nearshored to:-
Industry(ies):Transportation Equipment
Product(s) reshoredElectric Vehicles
What domestic positive factors made reshoring more attractive?Automation/technology, Eco-system synergies, Impact on domestic economy, Proximity to customers/market, Skilled workforce availability/training
Find Reshoring Articles