Company/Division name | Magna International |
Type of work | Manufacturing |
Reshoring category: | Foreign Direct Investment |
Total number of jobs (added or to be added): | 304 |
Year reshoring announced: | 2021 |
Domestically, the work will be done: | In-house |
Capital investment ($): | 1.5 |
Country(ies) from which reshored: | Canada |
City reshored to: | St. Clair |
State(s) reshored to: | MI |
If relevant, work nearshored to: | - |
Industry(ies): | Fabricated Metal Products, Transportation Equipment |
Product(s) reshored | structural battery enclosures |
What domestic positive factors made reshoring more attractive? | Eco-system synergies, Government Incentives, Skilled workforce availability/training |
Government Incentive dollar amount: | $1.5 million |