Rinco expands US operations

URLhttps://www.plasticsnews.com/news/rinco-expands-us
SourcePlastics News
Date Published10/23/2020
Author NameCatherine Kavanaugh
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Rinco Ultrasonics
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Total number of jobs (added or to be added):3
Year reshoring announced:2020
Year reshoring implemented or to be implemented:2020
Domestically, the work will be done:In-house
Country(ies) from which reshored:Switzerland
City reshored to:Danbury
State(s) reshored to:CT
If relevant, work nearshored to:-
Industry(ies):Fabricated Metal Products, Primary Metal Products (not including Foundries and Castings), automotive, medical
Product(s) reshoredwelding equipment, contour milled fixtures
What non-domestic negative factors made offshoring less attractive?Loss of control
What domestic positive factors made reshoring more attractive?Lead time/Time to market, Under-utilized capacity
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