$100M investment brings 525 jobs to Anderson

URLhttps://gsabusiness.com/news/manufacturing/79683/?
SourceGSA Business Report
Date Published12/01/2020
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Techtronic Industries North America
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Total number of jobs (added or to be added):525
Year reshoring announced:2020
Domestically, the work will be done:In-house
Capital investment ($):100
Country(ies) from which reshored:Hong Kong
City reshored to:Anderson
State(s) reshored to:SC
If relevant, work nearshored to:-
Industry(ies):Machinery
Product(s) reshoredpower tools and outdoor products
What domestic positive factors made reshoring more attractive?Under-utilized capacity
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