Auto Supplier Invests $40 Million in First U.S. Factory in Tennessee

URLhttps://www.thomasnet.com/insights/auto-supplier-i
Sourcehttps://www.thomasnet.com
Date Published09/13/2021
Author NameAndy Szal
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Sungwoo Hitech
Parent companySungwoo Hitech America Corp.
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Total number of jobs (added or to be added):117
What product(s) and/or service(s) were outsourced domestically?Manufacturing
Year reshoring announced:2021
Year reshoring implemented or to be implemented:2021
Domestically, the work will be done:In-house
Capital investment ($):40
Country(ies) from which reshored:Korea, Republic of
City reshored to:Telford
State(s) reshored to:TN
If relevant, work nearshored to:-
Industry(ies):Fabricated Metal Products
Product(s) reshoredmetal stamped automotive components
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