Company detailsCode: NBICompany name: NBI Bearings EuropeCompany country: SpainSector: C - ManufacturingSector detail: C28 - Manufacture of machinery and equipment n.e.c.Sub-sectors: C28.1.5 - Manufacture of bearings, gears, gearing and driving elements Reshoring detailsReshoring announcement date: 08/04/2015Starting implementation date: January, 2015End of Implementation : January, 2020Reshored to: SpainLocation of affected unit(s): OkendoLocation code: ES211Reshored business function: ProductionPartial or Total reshoring: PartialEstimated job gains: 50Reasons for reshoring: Customs issuesExchange rate riskLabour costs' gap reductionCase narrative: NBI Bearings Europe is a Spanish company founded at the beginning of the 21st century, which produces bearings mainly for the German market. The company owns a plant in China. However, in 2015 thanks to new investors, a new plant was opened in Spain. According to the CEO, exchange rate risks, the rise in labour costs offshore, as well as issues with customs have motivated the company to backshore production. The new plant also aims to increase annual volumes of production. Sources: El Economista, 8 April 2015 Sources link: El Economista, 8 April 2015 Offshoring detailsOffshoring date: 2002Offshoring location: ChinaOffshored business function: ProductionOffshoring governance mode: In house (in own facilities)Offshoring entry mode: Wholly owned