Company/Division name | Inoac Group North America LLC |
Parent company | Inoac Corp. |
Type of work | Manufacturing |
Reshoring category: | Foreign Direct Investment |
Total number of jobs (added or to be added): | 49 |
Year reshoring announced: | 2021 |
Year reshoring implemented or to be implemented: | 2022 |
Domestically, the work will be done: | In-house |
Capital investment ($): | 13.7 |
Country(ies) from which reshored: | Japan |
City reshored to: | Springfield |
State(s) reshored to: | KY |
If relevant, work nearshored to: | - |
Industry(ies): | Transportation Equipment |
Product(s) reshored | auto and truck parts, components |
What domestic positive factors made reshoring more attractive? | Eco-system synergies, Proximity to customers/market |