updated - July 8, 2020 Wednesday EDT
Positions will include those in production, management, engineers, quality control, forklift operators, and maintenance and repair The Daily News reported.
Fuyao will utilize over one million square feet of the old General Motors site at route 741, and Stroop Road in a $200 million investment The Daily News reported. The transaction totals $420 million, with the other $220 million slated for an assembly line in Russia and 450,000 pounds of float glass, according to a report on chinaperspective.com. Officials predict the facility will produce three million auto safety glass products a year The Daily News reported.
Moraine, Ohio city and state officials, and owner Industrial Retail Group spent many months on the move The Daily News reported.
"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," Jeff Hoagland president and CEO of the Dayton Development Coalition told The Daily News.
General Motors left the plant in December 2008, just six months prior to the motor company's experience with Chapter 11 bankruptcy protection The Daily News reported.
Moraine city officials sent a request to the municipality's Montgomery County, Ohio for the $700,000 needed to bring the company to the plant The Daily News reported.
"By any standards this announcement is a remarkable achievement for the state of Ohio," Mark O'Connell, CEO of OCO Global, an authority on foreign investment, said in a statement from the state of Ohio The Daily News reported. "A greenfield investment of over $200 million from anywhere in these uncertain times is an achievement, but from China where investors favor acquisitions rather than new investment is very impressive," O'Connell said in the statement.
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