Inoac investing $13.7M in Kentucky plant

URLhttps://www.plasticsnews.com/news/inoac-investing-
SourcePlastics News
Date Published11/12/2021
Author NameSarah Kominek
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Inoac Group North America LLC
Parent companyInoac 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) reshoredauto and truck parts, components
What domestic positive factors made reshoring more attractive?Eco-system synergies, Proximity to customers/market
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