Company/Division name | KB Autosys Co., Ltd. |
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): | 180 |
Year reshoring announced: | 2021 |
Year reshoring implemented or to be implemented: | 2022 |
Domestically, the work will be done: | In-house |
Capital investment ($): | 38 |
Country(ies) from which reshored: | Korea, Republic of |
City reshored to: | Lone Oak |
State(s) reshored to: | GA |
If relevant, work nearshored to: | - |
Industry(ies): | Transportation Equipment |
Product(s) reshored | automotive brake pads, linings |
What domestic positive factors made reshoring more attractive? | Government Incentives, Lead time/Time to market |
Government Incentive dollar amount: | $3.6 million |