FerraTex Solutions Investing Nearly $2M In Virginia Expansion

SourceBusiness Facilities
Date Published06/12/2020
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name FerraTex Solutions, LLC
Parent companyApplied Felts Inc
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Total number of jobs (added or to be added):15
Year reshoring announced:2020
Capital investment ($):1.95
Country(ies) from which reshored:United Kingdom
City reshored to:Henry County
State(s) reshored to:VA
If relevant, work nearshored to:-
Industry(ies):Apparel & Textiles
Product(s) reshoredpipe lining
What domestic positive factors made reshoring more attractive?Government Incentives, Infrastructure, Impact on domestic economy, Lead time/Time to market, Proximity to customers/market, Skilled workforce availability/training
Government Incentive dollar amount:.18
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