Auto-glass maker invests $200 million for US plant
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.