Company/Division name | Sumitomo Rubber USA |
Parent company | Sumitomo Rubber Industries |
Type of work | Manufacturing |
If manufacturing, is the company an OEM? | Yes |
Reshoring category: | Foreign Direct Investment |
What product(s) and/or service(s) were outsourced domestically? | Manufacturing |
Year reshoring announced: | 2021 |
Year reshoring implemented or to be implemented: | 2023 |
Domestically, the work will be done: | In-house |
Capital investment ($): | 122 |
Country(ies) from which reshored: | Japan |
City reshored to: | Tonawanda |
State(s) reshored to: | NY |
If relevant, work nearshored to: | - |
Industry(ies): | Plastic & Rubber Products |
Product(s) reshored | Tires |
What domestic positive factors made reshoring more attractive? | Government Incentives |
Government Incentive dollar amount: | Up to $3.3 million in tax credits |