Lifetime Products gearing up to build $115.6 million facility

SourceKnoxville News Sentinel
Date Published05/30/2016
Author NameEd Marcum
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Parent companyLifetime Products, Inc.
Type of work Manufacturing
Reshoring category:Kept from Offshoring
Total number of jobs (added or to be added):500
Year reshoring announced:2016
Year reshoring implemented or to be implemented:2011
Domestically, the work will be done:In-house
Capital investment ($):115.6
City reshored to:Mascot
State(s) reshored to:TN
If relevant, work nearshored to:-
Industry(ies):Hobbies (subset of Miscelaneous)
Product(s) reshoredKayaks, water sports equipment
What non-domestic negative factors made offshoring less attractive?Freight cost, Supply chain interruption risk/Natural disaster risk/Political instability
What domestic positive factors made reshoring more attractive?Government Incentives, Proximity to customers/market, Walmart
Government Incentive dollar amount:$2.6 million
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