Continental Structural Plastics invests $45M in NC expansion

URLhttps://www.plasticsnews.com/news/continental-stru
SourcePlastics News
Date Published08/25/2020
Author NameSarah Kominek
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Continental Structural Plastics Inc.
Parent companyteijin group
Type of work Manufacturing
If manufacturing, is the company a contract manufacturer?Yes
Reshoring category:Foreign Direct Investment
Total number of jobs (added or to be added):61
Year reshoring announced:2020
Year reshoring implemented or to be implemented:2020
Capital investment ($):45
Country(ies) from which reshored:Japan
City reshored to:Salisbury
State(s) reshored to:NC
If relevant, work nearshored to:-
Industry(ies):Transportation Equipment
Product(s) reshoredautomotive and heavy truck composite components
What domestic positive factors made reshoring more attractive?Government Incentives, Lead time/Time to market
Government Incentive dollar amount:100000
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