Automotive Supplier Valeo Adding $5 Million Plant Near Birmingham

URLhttps://www.thomasnet.com/insights/automotive-supp
SourceThomas Insights
Date Published02/10/2021
Author NameMike Hockett
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Valeo North America
Parent companyValeo
Type of work Manufacturing
If manufacturing, is the company an OEM? Yes
Reshoring category:Foreign Direct Investment
Total number of jobs (added or to be added):70
Year reshoring announced:2021
Year reshoring implemented or to be implemented: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):Machinery, Transportation Equipment
Product(s) reshoredautomotive parts for electric vehicles, EV parts
What domestic positive factors made reshoring more attractive?Under-utilized capacity
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