Finland-based Ahlstrom-Munksjö Expands Madisonville, Kentucky, Plant

URLhttps://www.areadevelopment.com/newsitems/5-12-202
SourceArea Development
Date Published05/12/2021
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Ahlstrom-Munksjö
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Total number of jobs (added or to be added):51
Year reshoring announced:2021
Domestically, the work will be done:In-house
Capital investment ($):70
Country(ies) from which reshored:Finland
City reshored to:Madisonville
State(s) reshored to:KY
If relevant, work nearshored to:-
Industry(ies):Nonmetallic Mineral Products
Product(s) reshoredglass fiber tissue nonwovens (flooring)
What domestic positive factors made reshoring more attractive?Government Incentives, Skilled workforce availability/training
Government Incentive dollar amount:up to $1 million
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