DETROIT -- Fuyao Automotive North America Inc. plans to invest $70 million to transform the former American Blind & Wallpaper Factory Inc. building in Plymouth, Mich., into an automotive glass plant and r&d center.
The North American subsidiary of China's largest automotive glass manufacturer Fuyao Group, secured the 528,000-square-foot plant for $9.5 million from developer Grand Sakwa in August and plans to create 958 jobs by 2019.
Fuyao is expected to create 50 jobs at the location by the end of the year and add nearly 450 next year as it consolidates r&d operations, said John Buzuvis, community development director for Plymouth. More jobs will be added through 2019, he said.
Fuyao is replacing the roof of the building and making other upgrades, Buzuvis said.
The site will be used for final processing of automotive glass, such as windshields, from its plants in Ohio and Canada.
The Michigan Economic Development Corp. is expected to recommend a $280,000 performance-based grant for the company to support its hiring, but no local tax abatements were authorized, Buzuvis said.
Fuyao, which has 65 percent of the auto glass market in China, is rapidly expanding in the U.S. It's in the middle of a $700 million investment in its plant in Moraine, Ohio, signing a 15-year lease in July on another 241,000 square feet of space at the former General Motors plant. It occupies 2.1 million square feet of the plant and is expected to employ 2,500 in the next five years, according to a Dayton Business Journal report.
The North American subsidiary operates a auto glass components plant in Orion Township, where it invested more than $15 million in recent years.
The parent company is expected to report revenue of $2.5 billion in 2016, up 14 percent from 2015, with plans to grow at 2 percent worldwide and 3.8 percent year-over-year in North America in the next five years.