S. Korea’s Kencoa Aerospace expands space business in U.S. with new capital

Date Published03/04/2021
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Kencoa Aerospace LLC
Parent companyKencoa Group LLC
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Year reshoring announced:2021
Year reshoring implemented or to be implemented:2021
Domestically, the work will be done:Both
Capital investment ($):8.87
Country(ies) from which reshored:Korea, Republic of
City reshored to:Eastman
State(s) reshored to:GA
If relevant, work nearshored to:-
Product(s) reshoredBE-4 rocket engines, intertank, space engines
What domestic positive factors made reshoring more attractive?Lead time/Time to market, Skilled workforce availability/training, Under-utilized capacity
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