Engineered Belts Manufacturer Expands Its U.S. Business in Georgia

URLhttps://www.thomasnet.com/insights/engineered-belt
SourceThomasnet
Date Published07/16/2021
Author NameStephanie Nikoloupolos
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Megadyne Group
Parent companyAmmega Group
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Year reshoring announced:2021
Domestically, the work will be done:In-house
Country(ies) from which reshored:Italy
City reshored to:Buford
State(s) reshored to:GA
If relevant, work nearshored to:-
Industry(ies):Machinery
Product(s) reshoredengineered belts
What non-domestic negative factors made offshoring less attractive?Supply chain interruption risk/Natural disaster risk/Political instability
What domestic positive factors made reshoring more attractive?Proximity to customers/market, covid
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