Commonwealth Rolled Products Expands Lewisport, Kentucky, Factory

URLhttps://www.areadevelopment.com/newsitems/12-22-20
Sourcehttps://www.areadevelopment.com
Date Published12/22/2021
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Commonwealth Rolled Products Inc.
Parent companyCommonwealth Rolled Products Inc.
Type of work Manufacturing
Reshoring category:Reshoring
Total number of jobs (added or to be added):40
What product(s) and/or service(s) were outsourced domestically?Manufacturing
Year reshoring announced:2021
Year reshoring implemented or to be implemented:2022
Domestically, the work will be done:In-house
Capital investment ($):2.4
City reshored to:Lewispor
State(s) reshored to:KY
If relevant, work nearshored to:-
Industry(ies):Castings/Foundries - Subset of Primary Metal Products, Primary Metal Products (not including Foundries and Castings)
Product(s) reshoredaluminum rolled product
What domestic positive factors made reshoring more attractive?Government Incentives, 15-year incentive agreement
Government Incentive dollar amount:up to $1.5 million
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