Chinese firm to invest $200 million in former GM plant

The Columbus Dispatch

Gov. John Kasich told a Chinese businessman who has pledged to create 800 jobs at a shuttered auto plant near Dayton that “this is going to be one of your greatest philanthropic but also business investments.” 

Fuyao Glass Industry Group chairman Cao Dewang signed an agreement to locate an auto-glass manufacturing operation and invest $200 million into the former General Motors plant in Moraine that had been closed since 2008. The agreement was signed this morning at a Statehouse ceremony involving the property owner and Kasich. 

Kasich said Fuyao’s investment would be the 9th largest Chinese investment in the United States, likely would represent the largest Chinese investment in Ohio, and potentially the largest Chinese investment in the auto industry in America. 

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Chinese firm to invest $200 million in former GM plant »