Company/Division name | Magnode LLC |
Parent company | Shape Corp. |
Type of work | Manufacturing |
Reshoring category: | Reshoring |
Total number of jobs (added or to be added): | 171 |
Year reshoring announced: | 2021 |
Year reshoring implemented or to be implemented: | 2022 |
Domestically, the work will be done: | In-house |
Capital investment ($): | 41 |
City reshored to: | Trenton |
State(s) reshored to: | MI |
If relevant, work nearshored to: | - |
Industry(ies): | Castings/Foundries - Subset of Primary Metal Products, Primary Metal Products (not including Foundries and Castings), automotive |
Product(s) reshored | aluminum extrusion, post extrusion aluminum |
What domestic positive factors made reshoring more attractive? | Government Incentives, Infrastructure, Lead time/Time to market, Manufacturing/engineering joint innovation (R&D), Skilled workforce availability/training, Other, import replacement |