MM Technics Expands Factory in Newberry County, South Carolina

SourceArea Development
Date Published10/04/2019
Author NameArea Development News Desk
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name MM Technics
Parent companyMuhr Metalltechnik
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Year reshoring announced:2019
Year reshoring implemented or to be implemented:2020
Capital investment ($):6
Country(ies) from which reshored:Germany
City reshored to:Prosperity
State(s) reshored to:SC
If relevant, work nearshored to:-
Industry(ies):Fabricated Metal Products
Product(s) reshoredautomotive parts
What domestic positive factors made reshoring more attractive?Automation/technology, Eco-system synergies, Government Incentives, Higher productivity, Impact on domestic economy, Proximity to customers/market, Skilled workforce availability/training, Other, expansion
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