Canada-based Martinrea Hopkinsville Expands Hopkinsville, Kentucky, Operations

URLhttps://www.areadevelopment.com/newsitems/9-3-2021
SourceArea Development
Date Published09/03/2021
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Martinrea Hopkinsville
Parent companyMartinrea International Inc.
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):33
Year reshoring announced:2021
Year reshoring implemented or to be implemented:2006
Capital investment ($):31.17
Country(ies) from which reshored:Canada
City reshored to:Hopkinsville
State(s) reshored to:KY
If relevant, work nearshored to:-
Industry(ies):Fabricated Metal Products, Transportation Equipment
Product(s) reshoredstructural steel products, suspension subframes
What domestic positive factors made reshoring more attractive?Government Incentives, Impact on domestic economy, Skilled workforce availability/training
Government Incentive dollar amount:$750,000
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