Manufacturing is on the rise in the Carolinas

URLhttps://www.bizjournals.com/charlotte/news/2021/02
SourceCHARLOTTE BUSINESS JOURNAL
Date Published02/08/2021
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Samsung
Parent companySamsung Group
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Total number of jobs (added or to be added):950
Year reshoring announced:2021
Year reshoring implemented or to be implemented:2021
Domestically, the work will be done:In-house
Country(ies) from which reshored:Korea, Republic of
City reshored to:Newberry
State(s) reshored to:SC
If relevant, work nearshored to:-
Industry(ies):Electrical Equipment, Appliances & Components
Product(s) reshoredhome appliances
What domestic positive factors made reshoring more attractive?Eco-system synergies, Infrastructure, Skilled workforce availability/training, Under-utilized capacity
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