Fuyao To Put $130M More in New Moraine Plant
- Jan 20, 2015
As Fuyao Glass America Inc. gets ready to bring its manufacturing plant in Moraine on line this spring, the Chinese automotive glass manufacturer already has its eye on bigger things. Fuyao plans an additional $130 million investment that will bring its total stake in the facility to about $360 million.
When Fuyao bought the 110-acre parcel from Industrial Realty Group last May, it initially announced a $200 million-plus project on the former site of a General Motors Corp. plant that will create 800 jobs.
The additional investment is expected to add another 750 jobs. At the moment, all of Fuyao’s production is located in China.Hiring is currently under way at the Moraine plant.
Ohio won the nod from Fuyao in a competition with candidates from the South, Midwest and from Asia. Fuyao will receive a $1 million JobsOhio Workforce Training Grant and a $3 million JobsOhio Economic Development Grant from the state.
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