Honda Investing $200M In Western Ohio Engine Plant Expansion

URLhttps://businessfacilities.com/2021/01/honda-inves
SourceBusiness Facilities
Date Published01/21/2021
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Honda of America Mfg., Inc.
Parent companyHonda Motor Company, Ltd.
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Total number of jobs (added or to be added):120
Year reshoring announced:2021
Year reshoring implemented or to be implemented:2021
Domestically, the work will be done:In-house
Capital investment ($):200
Country(ies) from which reshored:Japan
City reshored to:Anna
State(s) reshored to:OH
If relevant, work nearshored to:-
Industry(ies):Machinery
Product(s) reshoredfour-cylinder engines, V-6 engines, turbo engines
What domestic positive factors made reshoring more attractive?Government Incentives, Impact on domestic economy, Skilled workforce availability/training
Government Incentive dollar amount:$2.8 million
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