Fuyao commits to $1b US investment

Chinese investments in the United States automotive industry continues to grow with a subsidiary of Fuyao Glass Industry Group, the world's leading automotive glass manufacturing company, planning to invest $1 billion in facilities there.

Fuyao celebrated the grand opening of its newest US plant in Moraine, Ohio, on Friday, and also unveiled plans to transform a building in Plymouth, Michigan, into an automotive glass plant and research and development center.

"Today's grand opening in Moraine is the culmination of a monumental undertaking by Fuyao and our partners," Chairman Cho Tak Wong of Fuyao said in a statement. "We are proud of our work in Ohio, in the heart of the US auto corridor, and are highly committed to supporting the growth of the North American automotive market," he said.