Teknos US plans expansion in Mecklenburg County

SourceThe Charlotte Weekly
Date Published09/29/2019
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Teknos
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Total number of jobs (added or to be added):25
Year reshoring announced:2019
Domestically, the work will be done:In-house
Capital investment ($):4.2
Country(ies) from which reshored:Finland
City reshored to:unincorporated Mecklenburg County
State(s) reshored to:NC
If relevant, work nearshored to:-
Product(s) reshoredsustainable paints and coatings
What domestic positive factors made reshoring more attractive?Government Incentives, Proximity to customers/market, Skilled workforce availability/training, growing US market
Government Incentive dollar amount:$88,417
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