Fiberglass Manufacturer Announces $25 Million North Carolina Expansion

Date Published03/23/2020
Author NameAndy Szal
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Saertex MultiCom
Parent companySAERTEX GmbH & Co. KG
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Total number of jobs (added or to be added):45
Year reshoring announced:2020
Year reshoring implemented or to be implemented:2025
Capital investment ($):25
Country(ies) from which reshored:Germany
City reshored to:Huntersville
State(s) reshored to:NC
If relevant, work nearshored to:-
Product(s) reshoredfiberglass and carbon liner
What domestic positive factors made reshoring more attractive?Eco-system synergies, Higher productivity, Infrastructure, Proximity to customers/market
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