Auto-glass maker in­vests $200 mil­lion for US plant

China Daily (Canada) - - NEWSCAPSULE -

Chi­nese auto-glass maker Fuyao Group Co’s $200 mil­lion in­vest­ment to es­tab­lish a man­u­fac­tur­ing op­er­a­tion in Ohio will open the flood­gates for more US-China man­u­fac­tur­ing deals, the leader of the Chi­nese le­gal team said.

“We will see more Chi­nese com­pa­nies set up man­u­fac­tur­ing fa­cil­i­ties in the US,” Shusheng Wang, se­nior prin­ci­pal with the Michi­gan law firm of Miller Canfield, told China Daily.

In what would be the largest in­vest­ment by a Chi­nese com­pany in the Mid­west­ern state, Fuyao’s North Amer­i­can sub­sidiary agreed to ac­quire more than 1 mil­lion square feet in Mo­raine, a south­west­ern Ohio city near Cincin­nati. The ac­qui­si­tion, ex­pected to close in the spring, would in­clude a Gen­eral Mo­tors Co ve­hi­cle-as­sem­bly plant which closed in De­cem­ber 2008.

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