Company detailsCode: TeknothermCompany name: TeknothermGroup name: Heinen & Hopman GroupCompany country: NorwayGroup home country: NetherlandsNumber of employees: 69Sector: C - ManufacturingSector detail: C28 - Manufacture of machinery and equipment n.e.c.Sub-sectors: C28.2.5 - Manufacture of non-domestic cooling and ventilation equipment Reshoring detailsReshoring announcement date: 17/05/2016Starting implementation date: June, 2016End of Implementation : December, 2016Reshored to: NorwayLocation of affected unit(s): HaldenLocation code: NO031 Reshored business function: ProductionReshoring governance mode: In house (in own facilities)Reasons for reshoring: Change in total costs of sourcingDelivery timeExchange rate riskKnow-how in the home countryPoor quality of offshored productionCase narrative: Teknotherm has a history dating back to 1926 as a designer, contractor and manufacturer of high quality refrigeration systems. The head office of Teknotherm is in Halden, Norway. The strategy of this company is to be the preferred supplier of HVAC- and refrigeration systems for marine and offshore installations. On 26th, November 2015, Dutch company Heinen & Hopman has bought 60% of the shares of Teknotherm Marine AS. The deal includes the subsidiary companies in China, Poland, Turkey, Sweden and Tromsø, Norway. In 2016, Teknotherm has decided to relocate the production of electronic components for refrigerated seawater systems from China to Halden, Norway. According to the news published by E24 in May, 2016, Jon Aksel Brynhildsen, CEO of Teknotherm said, despite the fact that production in China is cheaper, the quality offered in Norway and the currently weak Norwegian currency help to motivate the relocation. The recent news published by E24 in April, 2017 stated that the relocation decision is made based on an assessment of costs, quality, exchange, delivery and more efficient production in Norway. In addition, there was a need to secure jobs in Norway and preserve the necessary skills said from Jon Aksel Brynhildsen, CEO of Teknotherm. Sources: E24 Heinenhopman Sources link: http://e24.no/naeringsliv/arbeidsledighet/halden-bedrift-flytter-produks... https://heinenhopman.com/en/about-us/news/20151126-heinen--hopman-become... http://e24.no/naeringsliv/arbeidsliv/10-norske-bedrifter-flagger-hjem-bi... Offshoring detailsOffshoring location: ChinaOffshored business function: ProductionHost country geographical area: China Notes: Number of employees as of 2014