Ohio got some really great news recently with the announcement of a $200 million investment in the former Moraine GM plant and the expected creation of 800 new jobs. The Dayton Daily News has more:
Gov. John Kasich praised a plan by Fuyao, a Chinese auto parts producer, to bring a manufacturing operations into the former General Motors plant in Moraine, during an announcement today in Columbus.
The plant is expected to hire up to 800 workers.
“Ohio is thrilled by its new partnership with Fuyao. Chairman Cao (Dewang) has a bold, long-term vision for his company and it’s great that Moraine, Montgomery County and Ohio are part of it,” Kasich said. “He is one of the world’s greatest entrepreneurs, winning Ernst and Young’s 2009 World Entrepreneur of the Year Award. He is also one of China’s most generous people, having been named China’s most generous philanthropist four times by China’s Hurun Report. He’s the kind of a person we like to have in Ohio and his company’s investment reaffirms both our strong workforce and our state’s leadership role in automotive and glass manufacturing.”
Said Cao Dewang: “We appreciate Ohio’s strategic location, workforce and pro-business environment in making this decision to open our North American facility. We are making such an investment in Moraine to better service our important OEM customers in the United States and North America.”
Fuyao (pronounced “fwee ow”) Glass Industry Group Co. Ltd. intends to buy more than 1 million square feet of space at the Moraine plant, representing a $200 million investment by its subsidiary, Fuyao North America Inc., according to JobsOhio, the state’s private development arm.
It’s the largest Chinese investment in Ohio, the state believes.
And
The state expects Fuyao to hire about 800 workers, including employees in production, management, engineers, quality control, forklift operators and maintenance and repair.
JobsOhio believes this is the largest Chinese investment in Ohio and the largest east of the Mississippi since investment data has been tracked. It is the largest private Chinese automotive supplier investment in the U.S. since at least 2004, possibly ever, the agency said.
And
“The attraction of Fuyao to the region is the result of an outstanding team effort. It took the city of Moraine, Montgomery County, JobsOhio, our entire Congressional delegation and the staff here,” said Jeff Hoagland, chief executive of the Dayton Development Coalition.