Chesapeake manufacturing company plans $52.6 million expansion

SourceThe Virginian-Pilot
Date Published10/07/2020
Author NameKimberly Pierceall
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Plasser American
Parent companyPlasser & Theurer
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Total number of jobs (added or to be added):98
Year reshoring announced:2020
Domestically, the work will be done:In-house
Capital investment ($):52.6
Country(ies) from which reshored:Austria
City reshored to:Chesapeake
State(s) reshored to:VA
If relevant, work nearshored to:-
Product(s) reshoredrailway maintenance equipment
What domestic positive factors made reshoring more attractive?Government Incentives
Government Incentive dollar amount:$900,000
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