Managing risk associated with plant location decisions are growing concern as companies seek to reassure investors about the robustness of their strategies. Little attention has been paid however to the systematic evaluation of risk associated with new plants. This paper investigates risk management practices in plant investment decisions through detailed case investigations in a cross section of industrial businesses at different levels of maturity in order to observe current practices, identify common principles and to synthesis systematic approaches to risk management where appropriate. It identifies key risk categories and dimension of the risk management. It builds on the three key bodies of literature – global manufacturing, investment and risk management.