Gestamp expanding operations in Union County

SourceGSA Business Report
Date Published03/08/2017
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Gestamp North America
Parent companyGestamp
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Total number of jobs (added or to be added):130
Year reshoring announced:2017
Year reshoring implemented or to be implemented:2018
Domestically, the work will be done:In-house
Capital investment ($):129
Country(ies) from which reshored:Spain
City reshored to:Union City
State(s) reshored to:SC
If relevant, work nearshored to:-
Industry(ies):Transportation Equipment
Product(s) reshoredmetal components for automotive industry
What domestic positive factors made reshoring more attractive?Government Incentives, Proximity to customers/market, to meet the demand from local automotive OEMs
Government Incentive dollar amount:$750,000
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