RESHORING CASE

NBI Bearings Europe

Company details
Code: 
NBI
Company name: 
NBI Bearings Europe
Company country: 
Spain
Sector: 
C - Manufacturing
Sector detail: 
C28 - Manufacture of machinery and equipment n.e.c.
Sub-sectors: 
C28.1.5 - Manufacture of bearings, gears, gearing and driving elements
Reshoring details
Reshoring announcement date: 
08/04/2015
Starting implementation date: 
January, 2015
End of Implementation : 
January, 2020
Reshored to: 
Spain
Location of affected unit(s): 
Okendo
Location code: 
ES211
Reshored business function: 
Production
Partial or Total reshoring: 
Partial
Estimated job gains: 
50
Reasons for reshoring: 
Customs issues
Exchange rate risk
Labour costs' gap reduction
Case 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 details
Offshoring date: 
2002
Offshoring location: 
China
Offshored business function: 
Production
Offshoring governance mode: 
In house (in own facilities)
Offshoring entry mode: 
Wholly owned