Company/Division name | Covestro AG |
Type of work | Manufacturing |
Reshoring category: | Foreign Direct Investment |
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: | Germany |
City reshored to: | Newark |
State(s) reshored to: | OH |
If relevant, work nearshored to: | - |
Industry(ies): | Medical Equipment & Supplies |
Product(s) reshored | polycarbonate-based compounds, medical compounds |
What domestic positive factors made reshoring more attractive? | Lead time/Time to market, Under-utilized capacity, Other, Covid-19 |