SKF invests US$60m in US/Cuts jobs

SourceJust Auto
Date Published09/25/2020
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name SKF Group
Type of work Manufacturing
Reshoring category:Reshoring
Year reshoring announced:2020
Year reshoring implemented or to be implemented:2020
Capital investment ($):40
Country(ies) from which reshored:Sweden
City reshored to:Sumter
State(s) reshored to:SC
If relevant, work nearshored to:-
Industry(ies):Fabricated Metal Products
Product(s) reshoredbearings
What domestic positive factors made reshoring more attractive?Automation/technology, Proximity to customers/market
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