Company/Division name | STS Group AG |
Parent company | STS Group North America |
Type of work | Manufacturing |
Reshoring category: | Foreign Direct Investment |
Total number of jobs (added or to be added): | 120 |
Year reshoring announced: | 2021 |
Year reshoring implemented or to be implemented: | 2021 |
Domestically, the work will be done: | In-house |
Capital investment ($): | 39 |
Country(ies) from which reshored: | Germany |
City reshored to: | Wytheville |
State(s) reshored to: | VA |
If relevant, work nearshored to: | - |
Industry(ies): | Fabricated Metal Products, automobile, trucking |
Product(s) reshored | hard trim products, automotive parts |
What domestic positive factors made reshoring more attractive? | Infrastructure, Lead time/Time to market |
Government Incentive dollar amount: | $580,000 |