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) reshored | Electric 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 |