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Economy and Business


Chinese auto-glass company takes over the bulk of GM's SW Ohio plant
The deal with Fuyao is sealed today
Story by LEWIS WALLACE


 
Chairman Cao Dewang of Fuyao auto-glass spoke alongside a translator.
Courtesy of Lewis Wallace
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In The Region:

The Fuyao auto-glass company signed off on a deal to purchase the former GM plant in Moraine today. That’s after the announcement earlier this year that the large Chinese company will invest $250 million in the mostly abandoned plant and create 800 jobs.

Fuyao’s Chairman Cao Dewang visited Dayton to celebrate. With a translator, he appeared before a crowd of local and state officials and the current building owner, Stu Lichter.

LISTEN: A big deal

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“I just want to deliver the good news that today I just delivered a fifteen million dollar check to Mr. Stu Lichter over there and I bought the plant.” 

JobsOhio, which was instrumental in securing the deal, says this will be one of the largest Chinese investments in the country. 

Montgomery County is putting $700,000 towards the improvements on the building. Other financial incentives offered by the state could become public soon.

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