Thermo Fisher Scientific picks NC site for new plant manufacturing biotech equipment

URLhttps://www.newsobserver.com/news/business/article
SourceNews Observer
Date Published11/16/2021
Author NameAvi Bajpai
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Thermo Fisher Scientific
Type of work Manufacturing
Reshoring category:Reshoring
Total number of jobs (added or to be added):200
Year reshoring announced:2021
Year reshoring implemented or to be implemented:2024
Domestically, the work will be done:In-house
Capital investment ($):192.5
City reshored to:Mebane
State(s) reshored to:NC
If relevant, work nearshored to:-
Industry(ies):Chemicals
Product(s) reshoredbiopharmaceuticals
What non-domestic negative factors made offshoring less attractive?Supply chain interruption risk/Natural disaster risk/Political instability
What domestic positive factors made reshoring more attractive?Eco-system synergies, Government Incentives, Infrastructure, Impact on domestic economy, Proximity to customers/market, Skilled workforce availability/training, covid-19
Government Incentive dollar amount:contract with U.S. DHS
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