Michelin set to make $100 million Greenville investment

SourceGSA Business Report
Date Published11/04/2020
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Michelin North America
Parent companyCompagnie Financière Michelin SCmA
Type of work Manufacturing
If manufacturing, is the company an OEM? Yes
Reshoring category:Foreign Direct Investment
Year reshoring announced:2020
Year reshoring implemented or to be implemented:2020
Capital investment ($):100
Country(ies) from which reshored:France
City reshored to:Greenville
State(s) reshored to:SC
If relevant, work nearshored to:-
Industry(ies):Plastic & Rubber Products
Product(s) reshoredtires, automobile tires, car tires, truck tires
What domestic positive factors made reshoring more attractive?Government Incentives, Impact on domestic economy, Under-utilized capacity
Government Incentive dollar amount:FILOT property tax reduction
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