Italy-Based Grupporeco Establishes Kinston, North Carolina, Factory

URLhttps://www.areadevelopment.com/newsitems/8-31-202
SourceArea Development
Date Published08/31/2021
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Grupporeco
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Total number of jobs (added or to be added):110
Year reshoring announced:2021
Domestically, the work will be done:In-house
Capital investment ($):28
Country(ies) from which reshored:Italy
City reshored to:Kinston
State(s) reshored to:NC
If relevant, work nearshored to:-
Industry(ies):Electrical Equipment, Appliances & Components
Product(s) reshoredhousehold appliance components
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?Government Incentives, Proximity to customers/market
Government Incentive dollar amount:up to $918,000 spread over 12 years
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