IAC invests nearly $56M in new Alabama facilities

SourcePlastics News
Date Published10/20/2020
Author NameSarah Kominek
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name IAC Group North America Inc.
Parent companyInternational Automotive Components Group LLC
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Total number of jobs (added or to be added):119
Year reshoring announced:2020
Year reshoring implemented or to be implemented:2020
Domestically, the work will be done:In-house
Capital investment ($):34.3
Country(ies) from which reshored:Luxembourg
City reshored to:Cottondale
State(s) reshored to:AL
If relevant, work nearshored to:-
Industry(ies):Electrical Equipment, Appliances & Components, auto
Product(s) reshoreddoor panels, overhead systems for carmakers
What domestic positive factors made reshoring more attractive?Proximity to customers/market, Skilled workforce availability/training, Under-utilized capacity
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