Hyundai's Automotive Electronics Supplier to Establish First U.S. Factory in Georgia

URLhttps://www.thomasnet.com/insights/hyundai-s-autom
SourceThomasnet.com
Date Published06/14/2021
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Duckyang
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Total number of jobs (added or to be added):285
Year reshoring announced:2021
Domestically, the work will be done:In-house
Capital investment ($):10
Country(ies) from which reshored:Korea, Republic of
City reshored to:Braselton
State(s) reshored to:GA
If relevant, work nearshored to:-
Industry(ies):Transportation Equipment
Product(s) reshoredcockpit modules for cars
What domestic positive factors made reshoring more attractive?Government Incentives
Government Incentive dollar amount:$1.8 million per year in state income tax credits
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