Tennessee Paving Equipment Plant Announces $6.2 Million Expansion, More Than 100 Jobs

URLhttps://www.thomasnet.com/insights/tennessee-pavin
SourceThomas Insights
Date Published05/24/2021
Author NameAndy Szal
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Roadtec Inc.
Parent companyAstec Industries
Type of work Manufacturing
Reshoring category:Reshoring
Total number of jobs (added or to be added):128
Year reshoring announced:2021
Domestically, the work will be done:In-house
Capital investment ($):6.2
City reshored to:Chattanooga
State(s) reshored to:TN
If relevant, work nearshored to:-
Industry(ies):Machinery
Product(s) reshoredpavers, material transfer vehicle, milling machine
What domestic positive factors made reshoring more attractive?Government Incentives, Impact on domestic economy, Lean/other business process improvement techniques, Under-utilized capacity, Other, import replacement
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