Interesting. I have been reading the background of the "wins" that the WH announced in 'bringing manufacturing to the US'. Notice that the chocolate company is also expanding in Canada.
Novartis, a Swiss drugmaker - "We believe we can
manage the tariffs - though of course they will be very painful - so while that is a factor (behind this investment), it's not the driving factor," Novartis Chief Executive Vas Narasimhan said in an interview, adding that it aims to produce all the drugs it sells to Americans in the U.S. rather than import them. (
Link)
Amsterdam-based AMG Critical Minerals - is adding a aluminothermic production facility to manufacture chrome metal, next door to its existing titanium facility in Pennsylvania. It will be the only chrome metal production facility in the US. (
Link)
NOVONIX Limited, an Australia-based battery technology company - as per my previous link, this agreement was already negotiated and agreed with Biden.
Barry Callebaut, a Swiss chocolate company - "We have one ... facility that we will scale out to about 100,000 tons in the United States that will allow us to actually serve customers better also in the U.S.," CEO Peter Feld said during a post-earnings call with analysts.
He also said that the cocoa processor, which supplies chocolate for Unilever's soon-to-be-spun-off Magnum ice creams and Nestle's KitKat bars, was doubling down on investments in its plant in Brantford, Canada. (
Link)
Guardian Bikes, a leading kids’ bicycle brand - this venture was first floated in March 2022 as per this .... "Today, we are announcing a HUGE step in our mission, and our biggest innovation yet. We are building a highly automated factory to make Guardian Bikes right here in the USA"
. (
Link)
BMW is considering adding shifts to boost production at its South Carolina plant - “The plant in Spartanburg has been an important location in our global BMW Group production network for over 30 years,” the brand continued. “It is also our largest plant worldwide, serving domestic and international markets with the highly acclaimed BMW X models. (
Link)
One of Spain’s leading olive oil producers - "He said Dcoop, a cooperative of 75,000 families in the southern region of Andalusia, "could" expand its still modest olive plantations in the United States, where Pompeian has two bottling plants." (
Link)