Industrial Magnetics, Inc. Attains Record Deliveries in 2019 Contributing to a Decade of Growth

Date Published02/26/2020
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Industrial Magnetics Inc
Parent companyIndustrial Magnetics Inc
Type of work Manufacturing
Reshoring category:Reshoring
Year reshoring announced:2019
City reshored to:Boyne City
State(s) reshored to:MI
If relevant, work nearshored to:-
Product(s) reshoredindustrial magnetics
What domestic positive factors made reshoring more attractive?Automation/technology, Higher productivity, Image/brand, Lead time/Time to market, Under-utilized capacity
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