Company/Division name | Matalco Kentucky |
Parent company | Matalco Inc. |
Type of work | Manufacturing |
Reshoring category: | Foreign Direct Investment |
Total number of jobs (added or to be added): | 60 |
Year reshoring announced: | 2021 |
Year reshoring implemented or to be implemented: | 2022 |
Domestically, the work will be done: | In-house |
Capital investment ($): | 53.5 |
Country(ies) from which reshored: | Canada |
City reshored to: | Franklin |
State(s) reshored to: | KY |
If relevant, work nearshored to: | - |
Industry(ies): | Primary Metal Products (not including Foundries and Castings), extrusion, forging |
Product(s) reshored | alloyed ingots from recycled aluminum |
What domestic positive factors made reshoring more attractive? | Government Incentives, Impact on domestic economy, Lead time/Time to market, Under-utilized capacity |
Government Incentive dollar amount: | $1 million |