Correction to LG Electronics to Build Factory Correction (on Wednesday)

SourceFox Business
Date Published08/24/2017
Author NameEun-Young Jeong
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name LG Electronics
Type of work Manufacturing
If manufacturing, is the company a contract manufacturer?Yes
Reshoring category:Foreign Direct Investment
Total number of jobs (added or to be added):300
Year reshoring announced:2017
Capital investment ($):25
Country(ies) from which reshored:Korea, Republic of
City reshored to:Hazel Park
State(s) reshored to:MI
If relevant, work nearshored to:-
Industry(ies):Transportation Equipment
Product(s) reshoredelectic car battery packs
What domestic positive factors made reshoring more attractive?Government Incentives
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