Joint Venture iwis-Daido to Set Up Automotive Engine Chains Operations in Kentucky

Date Published01/04/2021
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name iwis-Daido LLC
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Total number of jobs (added or to be added):37
Year reshoring announced:2021
Capital investment ($):2.7
Country(ies) from which reshored:Germany,Japan
City reshored to:Murray
State(s) reshored to:KY
If relevant, work nearshored to:-
Industry(ies):Transportation Equipment
Product(s) reshoredautomotive engine chains
What non-domestic negative factors made offshoring less attractive?Total cost
What domestic positive factors made reshoring more attractive?Customer responsiveness improvement, Eco-system synergies, Government Incentives, Proximity to customers/market, Under-utilized capacity
Government Incentive dollar amount:$370,000
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