Hydro signs letter of intent to build aluminum recycling plant in the U.S.

URLhttp://www.magnoliareporter.com/news_and_business/
Sourcemagnoliareporter.com
Date Published07/05/2021
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Hydro Aluminum Metal
Parent companyNorsk Hydro ASA
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Total number of jobs (added or to be added):70
Year reshoring announced:2021
Year reshoring implemented or to be implemented:2023
Domestically, the work will be done:In-house
Capital investment ($):120
Country(ies) from which reshored:Norway
City reshored to:Cassopolis
State(s) reshored to:MI
If relevant, work nearshored to:-
Industry(ies):Primary Metal Products (not including Foundries and Castings), automotive, transportation
Product(s) reshoredHydro CIRCAL extrusion ingot, aluminum ingot
What domestic positive factors made reshoring more attractive?Infrastructure, Skilled workforce availability/training
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