Company detailsCompany name: Palma Group, a.s.Company country: SlovakiaSector: C - ManufacturingSector detail: C10 - Manufacture of food productsSub-sectors: C10.4.1 - Manufacture of oils and fats Reshoring detailsReshoring announcement date: 19/02/2018Starting implementation date: January, 2018End of Implementation : December, 2022Reshored to: SlovakiaReshored business function: ProductionPartial or Total reshoring: PartialReshoring governance mode: In house (in own facilities)Reasons for reshoring: Proximity to suppliersCase narrative: Palma is a Slovak manufacturer of oils and fats for human consumption. In 2013, it offshored the production to Czech Republic due to the technological obsolescence of the plant in Bratislava that did not meet anymore the production requirements. The company has now announced the decision to move back to Slovakia the manufacturing of flavored oils (poppy, nut, apricot and linseed oils). The decision was taken to be closer to the company's suppliers of raw materials which are still located in Slovak Republic. The plant will be built outside the Bratislava region, and it will be completed in two/five years. Sources: Finweb 19/02/2018 Sources link: https://finweb.hnonline.sk/ekonomika/1696650-palma-presuva-vyrobu-olejov... https://finweb.hnonline.sk/ekonomika/1696644-maslova-kriza-pomohla-vyrob... Offshoring detailsOffshoring date: 2013Offshoring location: Czech RepublicOffshored business function: ProductionOffshoring governance mode: In house (in own facilities)Host country geographical area: Eastern Europe Notes: Link offshoring news :http://www.pluska.sk/spravy/ekonomika/palma-ukoncila-vyrobu-olejov-bude-z-nej-plniaren.html