RESHORING CASE

Krys Group

Company details
Code: 
Krys Group
Company name: 
Krys Group
Company country: 
France
Number of employees: 
400
Sector: 
C - Manufacturing
Sector detail: 
C14 - Manufacture of wearing apparel
Reshoring details
Reshoring announcement date: 
08/11/2016
Starting implementation date: 
January, 2012
End of Implementation : 
November, 2016
Reshored to: 
France
Location of affected unit(s): 
Bazainville
Location code: 
FR103
Reshored business function: 
Production
Partial or Total reshoring: 
Partial
Reshoring governance mode: 
In house (in own facilities)
Estimated job gains: 
60
Reasons for reshoring: 
"Made in" effect
Automation of production process
Government support to relocation
Case narrative: 

Krys Group is an French leader in optics that is continuously investing in French production. In November 2016, the company has completed a 8mln€ investment in its glass production site in Bazainville (France).

The investment has been supported through the help of BPI France for 2mln€ and through tax credit for competitive employment for 1,2mln€.
The backshoring process from Asia started in 2012 when floods in Thailand blocked the local production. On that occasion, Krys relocated to Yvelines (France) the production of about 250.000 lenses investing 1mln€ in automation.
During these years Krys Group invested 12mln€, half of which in purchase of machinery. To date, the company has obtained 8 million euros of public subsidies. The made in effect of relocation back to France has added value to  Krys' products.

Sources: 

Le Monde, 08/11/2016

Sources link: 

http://www.lemonde.fr/economie/article/2016/11/08/l-opticien-krys-joue-l...

Offshoring details
Offshoring location: 
Thailand
Host country geographical area: 
South East Asia rather than China