Company invests $8.2M in Fountain Inn plant

SourceGSA Business Report
Date Published06/09/2021
Author NameRoss Norton
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Frauenthal Gnotec
Parent companyFrauenthal Holding AG
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Total number of jobs (added or to be added):82
Year reshoring announced:2021
Domestically, the work will be done:In-house
Capital investment ($):8.2
Country(ies) from which reshored:Sweden
City reshored to:Fountain Inn
State(s) reshored to:SC
If relevant, work nearshored to:-
Industry(ies):Transportation Equipment
Product(s) reshoredmetal components
What domestic positive factors made reshoring more attractive?Automation/technology, Customer responsiveness improvement
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