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China's widening investment in the US, at a glance

Published on NewsOK Modified: June 22, 2014 at 11:04 pm •  Published: June 22, 2014
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Chinese investment in the United States reached a record $14 billion last year, according to the Rhodium Group, a research firm. Across the country, Chinese companies are opening factories or expanding existing ones and creating jobs.

Some examples:

— Fuyao Glass Industry Group Co., based in Fuzhou, China, is taking over a plant in Moraine, Ohio, that General Motors abandoned in 2008. The company says it will hire at least 800. The site puts Fuyao within four hours' drive of auto factories in Ohio, Kentucky and Indiana.

— Golden Dragon Precise Copper Tube Group, based in China's Henan province, has opened a $100 million plant in impoverished Wilcox County, Alabama. It will make copper tubing used in air conditioners and expects to employ more than 300.

— Chinese textile manufacturer Keer Group is investing $218 million in a plant in Lancaster County, South Carolina, to make industrial yarn and says it will employ 500. South Carolina supported the project with a $4 million grant.

— Nanshan America, which makes aluminum parts, says it will expand employment at its plant in Lafayette, Indiana, from 135 to 200 by year's end. The 600,000-square-foot factory began production in December 2012. Nanshan America is a subsidiary of the Chinese conglomerate Nanshan Group, which owns everything from banks to clothing factories.

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