PreZero, ACI have $90M vision for hard-to-recycle plastics

SourcePlastics News
Date Published05/20/2020
Author NameSteve Toloken
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name PreZero US Inc.
Parent companySchwarz Group
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Year reshoring announced:2020
Year reshoring implemented or to be implemented:2020
Domestically, the work will be done:In-house
Capital investment ($):80
Country(ies) from which reshored:Germany
City reshored to:Riverside
State(s) reshored to:CA
If relevant, work nearshored to:-
Industry(ies):Plastic & Rubber Products, consumer product packaging, agriculture, auto
Product(s) reshoredfilm recycling, rigid container recycling
What non-domestic negative factors made offshoring less attractive?Other, China's ban on imports of some recyclable scrap
What domestic positive factors made reshoring more attractive?Lead time/Time to market, Skilled workforce availability/training, Under-utilized capacity
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