New Assembly Plant Manufactures Rearview Mirrors

Date Published09/07/2016
Author NameJohn Sprovieri
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Ficosa North America
Parent companyFicosa International SA
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Total number of jobs (added or to be added):900
Year reshoring announced:2015
Year reshoring implemented or to be implemented:2016
Domestically, the work will be done:In-house
Capital investment ($):50
Country(ies) from which reshored:Spain
City reshored to:Cookeville
State(s) reshored to:TN
If relevant, work nearshored to:-
Industry(ies):Transportation Equipment
Product(s) reshoredexterior rear view mirrors
What non-domestic negative factors made offshoring less attractive?Inventory, Loss of control
What domestic positive factors made reshoring more attractive?Automation/technology, Lean/other business process improvement techniques, Other
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