URL | https://richmond.com/business/pharmaceutical-ingre |
Source | Richmond Times-Dispatch |
Date Published | 05/04/2021 |
Author Name | John Reid Blackwell |
Mentions specific company case(s) of reshoring, kept from offshoring, or transplant | Yes |
Company/Division name | AMPAC Fine Chemicals |
Parent company | SK pharmteco |
Type of work | Manufacturing |
Reshoring category: | Reshoring |
Total number of jobs (added or to be added): | 156 |
Year reshoring announced: | 2021 |
Year reshoring implemented or to be implemented: | 2023 |
Capital investment ($): | 25 |
City reshored to: | Petersburg |
State(s) reshored to: | VA |
If relevant, work nearshored to: | - |
Industry(ies): | Chemicals |
Product(s) reshored | active pharmaceutical ingredients |
What domestic positive factors made reshoring more attractive? | Eco-system synergies, Government Incentives, Infrastructure, Lead time/Time to market, Proximity to customers/market, Skilled workforce availability/training, Under-utilized capacity, Other, import replacement |