Korean Brake Pad Supplier Adding $38 Million Plant in Georgia, 180 Jobs

URL https://www.thomasnet.com/insights/korean-brake-p
SourceThomas Insights
Date Published02/17/2021
Author NameMike Hockett
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

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) reshoredautomotive 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
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