Vinyl company to invest $18 million in new Morganton facility

SourceThe News Herald
Date Published12/06/2017
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name VEKA
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Total number of jobs (added or to be added):102
Year reshoring announced:2017
Year reshoring implemented or to be implemented:2021
Domestically, the work will be done:In-house
Capital investment ($):18
Country(ies) from which reshored:Germany
City reshored to:Morganton
State(s) reshored to:NC
If relevant, work nearshored to:-
Product(s) reshoredvinyl extrusion
What domestic positive factors made reshoring more attractive?Government Incentives
Government Incentive dollar amount:500,000
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