European Appliance Company To Invest $28 Million in First U.S. Facility

URLhttps://www.thomasnet.com/insights/european-applia
SourceThomas Insights
Date Published09/09/2021
Author NameAndy Szal
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name RECO U.S. Inc.
Parent companyGrupporeco
Type of work Manufacturing
If manufacturing, is the company a contract manufacturer?Yes
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:Kingston
State(s) reshored to:NC
If relevant, work nearshored to:-
Industry(ies):Primary Metal Products (not including Foundries and Castings)
Product(s) reshoredcoated dishwasher baskets, aluminum tubing
What domestic positive factors made reshoring more attractive?Government Incentives, Impact on domestic economy, Proximity to customers/market
Government Incentive dollar amount:$918,000
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