A generous list of incentives along with a ready-made plant near a rail line and an interstate highway helped lure a Chinese auto glassmaker to Moraine.
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1987: Cao Dewang starts Fuyao Group
1993: Fuyao is listed on the Shanghai Stock Exchange
2008: General Motors shuts the assembly plant in Moraine
2009: Ernst & Young names Cao World Entrepreneur of the Year
April 2013: Fuyao contacts JobsOhio for sites for a new plant
August 2013: Fuyao officials tour the Moraine plant and other sites
September 2013: JobsOhio attends the opening of Fuyao’s new plant in Kaluga, Russia
September 2013: JobsOhio travels to China to dine at Cao’s home
December 2013: Cao tours the Moraine plant
Jan. 10, 2014: Cao signs a purchase agreement for 1.5 million square feet of the plant
Spring 2014: Fuyao expects to close the sale deal
June 2014: Fuyao expects to hire managers
Late 2014: Fuyao expects to hire manufacturing workers
June 2015: Fuyao expects to begin production in Moraine
The Dayton Daily News was the first newspaper in the state to report details of a Chinese auto glass manufacturer’s plans to buy part of the shuttered GM assembly plant in Moraine. Our reporters in Dayton and Columbus have interviewed company and state officials to uncover details of the $200 million project that is expected to bring 800 jobs to the Miami Valley. Today’s story takes you behind the scenes to reveal how the deal came together.
More online: Read a copy of Gov. Kasich’s letter that helped lure the Chinese auto glassmaker to Moraine at MyDaytonDailyNews.com/Fuyao.