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) reshored | welding 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 |