Valeo North America Investing $5M In Alabama Expansion

URLhttps://www.google.com/url?q=https://businessfacil
SourceBusiness Facilities
Date Published01/27/2021
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Valeo
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Total number of jobs (added or to be added):70
Year reshoring announced:2021
Domestically, the work will be done:In-house
Capital investment ($):5
Country(ies) from which reshored:France
City reshored to:Bessemer
State(s) reshored to:AL
If relevant, work nearshored to:-
Industry(ies):Transportation Equipment
Product(s) reshored"auto supplier"
What domestic positive factors made reshoring more attractive?Eco-system synergies, Impact on domestic economy, Skilled workforce availability/training
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