AkzoNobel Investing $55M In North Carolina Expansion

SourceBusiness Facilities
Date Published11/21/2019
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name AkzoNobel
Parent companyAkzoNobel
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Year reshoring announced:2019
Year reshoring implemented or to be implemented:2021
Capital investment ($):55
Country(ies) from which reshored:Netherlands
City reshored to:High Point
State(s) reshored to:NC
If relevant, work nearshored to:-
Product(s) reshoredindustrial wood coatings
What domestic positive factors made reshoring more attractive?Automation/technology, Customer responsiveness improvement, Eco-system synergies, Proximity to customers/market, Skilled workforce availability/training, Other, expansion
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