"Today's grand opening in Moraine is the culmination of a monumental undertaking by Fuyao and our partners," said Chairman Cho Tak Wong of Fuyao Glass Industry Group. "We are proud of our work in Ohio, in the heart of the U.S auto corridor, and are highly committed to supporting the growth of the North American automotive market. Fuyao China currently supplies around 70% of the Chinese auto glass market, and through close work with our OEM partners, we believe we will replicate this success in North America."
The new Moraine facility represents $450 million in total investment by Fuyao, the largest Chinese investment in Ohio history and eighth largest direct foreign investment in the U.S. over the last decade. Bringing auto glass production back to the U.S., Fuyao aims to regenerate both the local Ohio community, with $25 million to $30 million funneled into the economy each month, and the broader automotive industry.
"Fuyao's goal is to provide the highest quality product and outstanding service to our customers," said John Gauthier, President of Fuyao Glass America. "Building on the heritage of this facility, the support of our community and state-of-the-art manufacturing capabilities, customers are already seeing the benefits from shorter development and shipping lead times. We are thrilled to receive strong support today from the wider Fuyao community and look forward to building on this foundation of innovation and success."
More than 700 industry stakeholders will attend the grand opening event in Moraine, with Fuyao hosting influential leaders from the automotive and government sectors including U.S. Senator Sherrod Brown, U.S. Congressman Michael Turner and Lieutenant Governor of Ohio, Mary Taylor.
Following the ceremony, Fuyao will host a panel discussion at the University of Dayton's River Campus featuring Samuel Palmisano, former chairman of IBM and current chairman of The Center for Global Enterprise, Eric Spina, the president of the University of Dayton, and Wang Huiyao, founder and president of the Center for China and Globalization, among others.
Fuyao Glass America is part of Fuyao Industry Group Co. Ltd., a leading international manufacturer of automotive and industrial glass located in China, with U.S. manufacturing plants in Dayton, OH, Mt. Zion, IL, and Lake Orion, MI. Its main customers include GM, Ford, Honda, Isuzu, Toyota, Mazda, Audi, Volkswagen, Citroen, and Mercedes, to name a few.
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SOURCE Fuyao Glass America