Danish textile firm to open $60M plant in Triad, add 145 jobs

SourceTriad Business Journal
Date Published08/15/2017
Author NameKatie Arcieri
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Fibertex Personal Care
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Total number of jobs (added or to be added):145
Year reshoring announced:2017
Year reshoring implemented or to be implemented:2021
Domestically, the work will be done:In-house
Capital investment ($):60
Country(ies) from which reshored:Denmark
City reshored to:Asheboro
State(s) reshored to:NC
If relevant, work nearshored to:-
Industry(ies):Apparel & Textiles, personal care
Product(s) reshoreddiapers, feminine hygiene, incontinence care
What domestic positive factors made reshoring more attractive?Government Incentives, Proximity to customers/market
Government Incentive dollar amount:potential 1.96 million dependent on job creation
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