First US high-voltage subsea cable plant opens for business

URLhttps://www.offshore-energy.biz/first-us-high-volt
SourceOffshore-Energy.biz
Date Published11/09/2021
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Nexans
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Total number of jobs (added or to be added):210
Year reshoring announced:2021
Year reshoring implemented or to be implemented:2021
Domestically, the work will be done:In-house
Country(ies) from which reshored:France
City reshored to:Charleston
State(s) reshored to:SC
If relevant, work nearshored to:-
Industry(ies):Electrical Equipment, Appliances & Components
Product(s) reshoredhigh-voltage subsea cable
What non-domestic negative factors made offshoring less attractive?Green considerations
What domestic positive factors made reshoring more attractive?Impact on domestic economy
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