Bill Gates-backed Startup Hits $50 Million Funding Goal for CO2-free Steel Processing

SourceThomas Insights
Date Published01/27/2021
Author NameDavid Mantey
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Boston Metal
Type of work Manufacturing
Reshoring category:Reshoring
Year reshoring announced:2021
Year reshoring implemented or to be implemented:2021
Domestically, the work will be done:In-house
City reshored to:Woburn
State(s) reshored to:MA
If relevant, work nearshored to:-
Industry(ies):Primary Metal Products (not including Foundries and Castings)
Product(s) reshoredferroalloys, Molten Oxide Electrolysis, metals
What non-domestic negative factors made offshoring less attractive?Green considerations, Tariffs
What domestic positive factors made reshoring more attractive?Skilled workforce availability/training, Under-utilized capacity, Other, tariffs
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