Nippon Steel-Sumikin Materials USA To Locate Manufacturing Center In Fayetteville, Tennessee

SourceArea Development
Date Published01/12/2016
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Nippon Steel-Sumikin Materials USA
Parent companyNippon Steel & Simitomo Metal Corporation
Type of work Manufacturing
If manufacturing, is the company an OEM? Yes
Reshoring category:Transplant
Total number of jobs (added or to be added):65
Year reshoring announced:2016
Capital investment ($):5.7
Country(ies) from which reshored:Japan
City reshored to:Fayetteville
State(s) reshored to:TN
If relevant, work nearshored to:-
Industry(ies):Transportation Equipment
Product(s) reshoredMetal Substrate for Automotive Industry
What domestic positive factors made reshoring more attractive?Eco-system synergies, Proximity to customers/market
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