Fuyao Glass investing $1 billion in U.S. factories: chairman
Chinese auto supplier Fuyao Glass Industry Group (600660.SS) will complete a total of $1 billion in U.S. manufacturing investments by the end 2017, including about $500 million it has put into an automotive glass plant in Ohio, the company's chairman told Reuters.
Ahead of the ceremonial opening of the Moraine, Ohio plant on Friday, Fuyao Chairman Cho Tak Wong said Fuyao has started renovating an industrial building in Plymouth, Michigan, outside of Detroit. Cho said Fuyao will invest about $100 million there and employ "at least 1,000 people." That plant is set to open by the end... read more
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