Supplier to BMW, GM, and Ford Announces New $31 Million South Carolina Mirror Factory

URLhttps://www.thomasnet.com/insights/supplier-to-bmw
SourceThomasnet
Date Published06/15/2021
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Magna Mirrors
Parent companyMagna International, Inc.
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Total number of jobs (added or to be added):300
Year reshoring announced:2021
Domestically, the work will be done:In-house
Capital investment ($):31
Country(ies) from which reshored:Canada
City reshored to:Spartanburg County
State(s) reshored to:SC
If relevant, work nearshored to:-
Industry(ies):Transportation Equipment
Product(s) reshoredauto mirrors
What domestic positive factors made reshoring more attractive?Under-utilized capacity
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