Hardinge To Bring Manufacturing Capacity Back To The United States

URLhttps://finance.yahoo.com/news/hardinge-bring-manu
SourceYahoo Finance
Date Published12/14/2020
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Hardinge Inc.
Type of work Manufacturing
Reshoring category:Reshoring
Year reshoring announced:2020
Year reshoring implemented or to be implemented:2021
Domestically, the work will be done:In-house
Country(ies) from which reshored:Taiwan, Province of China
City reshored to:Elmira
State(s) reshored to:NY
If relevant, work nearshored to:-
Industry(ies):Machinery
Product(s) reshoredmetal-cutting, material-cutting tools
What non-domestic negative factors made offshoring less attractive?Supply chain interruption risk/Natural disaster risk/Political instability
What domestic positive factors made reshoring more attractive?Image/brand, Impact on domestic economy
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