KRA Operations LLC establishes 1st U.S. facility in Newberry County

SourceColumbia Regional Business Report
Date Published08/18/2020
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name KRA Operations LLC
Parent companyPrecision Co. Ltd.
Type of work Manufacturing
If manufacturing, is the company an OEM? Yes
Reshoring category:Foreign Direct Investment
Total number of jobs (added or to be added):57
Year reshoring announced:2020
Capital investment ($):11.5
Country(ies) from which reshored:Korea, Republic of
City reshored to:Newberry County
State(s) reshored to:SC
If relevant, work nearshored to:-
Industry(ies):Machinery, Plastic & Rubber Products
Product(s) reshoredmetal stamping and injection molding
What domestic positive factors made reshoring more attractive?Government Incentives, Impact on domestic economy, Lead time/Time to market, Proximity to customers/market, Skilled workforce availability/training
Government Incentive dollar amount:$400,000
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