Company/Division name | Variotech |
Type of work | Manufacturing |
Reshoring category: | Foreign Direct Investment |
Total number of jobs (added or to be added): | 22 |
Year reshoring announced: | 2021 |
Year reshoring implemented or to be implemented: | 2023 |
Domestically, the work will be done: | In-house |
Capital investment ($): | 2.2 |
Country(ies) from which reshored: | Germany |
City reshored to: | indianapolis |
State(s) reshored to: | IN |
If relevant, work nearshored to: | - |
Industry(ies): | Plastic & Rubber Products |
Product(s) reshored | trays for automation |
What non-domestic negative factors made offshoring less attractive? | Delivery |
What domestic positive factors made reshoring more attractive? | Automation/technology, Customer responsiveness improvement, Government Incentives, Infrastructure, Lead time/Time to market, Proximity to customers/market |
Government Incentive dollar amount: | $225,000 grants and tax credits |