Pharmaceutical manufacturer to locate in Lenoir

SourceHickory Daily Record
Date Published10/27/2019
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name BioNutra North America
Parent companyVirchow Biotech Pvt. Ltd
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Total number of jobs (added or to be added):200
Year reshoring announced:2019
Year reshoring implemented or to be implemented:2024
Capital investment ($):8
Country(ies) from which reshored:India
City reshored to:Lenoir
State(s) reshored to:NC
If relevant, work nearshored to:-
Product(s) reshoredprobiotics, medicinal foods and dietary supplement
What domestic positive factors made reshoring more attractive?Eco-system synergies, Infrastructure, Impact on domestic economy, Lead time/Time to market, Proximity to customers/market, Under-utilized capacity
Government Incentive dollar amount:.5
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