Storage Tank Manufacturer Announces $130 Million Alabama Factory

URLhttps://www.thomasnet.com/insights/storage-tank-ma
SourceThomas Insights
Date Published10/05/2021
Author NameAndy Szal
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Hanwha Cimarron
Parent companyHanwha Solutions
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):261
Year reshoring announced:2021
Year reshoring implemented or to be implemented:2022
Domestically, the work will be done:In-house
Capital investment ($):130
Country(ies) from which reshored:Korea, Republic of
City reshored to:Opelika
State(s) reshored to:AL
If relevant, work nearshored to:-
Industry(ies):Fabricated Metal Products, aerospace, defense, energy, marine
Product(s) reshoredcarbon fiber-wrapped high-pressure storage tanks
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