German Manufacturer to Open First U.S. Plant in Indy

Date Published09/10/2021
Author NameWes Mills
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Variotech
Parent companyVariotech
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Total number of jobs (added or to be added):22
What product(s) and/or service(s) were outsourced domestically?Manufacturing
Year reshoring announced:2021
Year reshoring implemented or to be implemented:2022
Domestically, the work will be done:In-house
Capital investment ($):2.2
Country(ies) from which reshored:Germany
State(s) reshored to:IN
If relevant, work nearshored to:-
Industry(ies):Transportation Equipment
Product(s) reshoredtrays for automation
What non-domestic negative factors made offshoring less attractive?Burden on staff
What domestic positive factors made reshoring more attractive?Government Incentives
Government Incentive dollar amount:225000
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