China-based Yanfeng USA Automotive Trim Systems Plans $45 million investment In Riverside, Missouri
04/26/2013
The company's Riverside plant will manufacture interior trim components, including door panels, floor consoles and instrument panels, for General Motors' plants in Wentzville, Missouri and Fairfax, Kansas. Construction on the 258,000 square-foot facility is expected to begin in the next month, and the plant is expected to be operational in early 2014.
"Yanfeng USA is pleased to expand its U.S. manufacturing presence with our planned new facility in Missouri," said David Wang, President of Yanfeng USA. "Missouri offers Yanfeng USA an excellent business climate from which to serve our automotive customers, and we are excited to join the state's strong community of automotive companies. We appreciate the support and assistance from the state of Missouri, the Kansas City region, and the City of Riverside throughout our year-long process of selecting a new location for this facility."
"The historic expansions by Ford and General Motors during 2011 have transformed Missouri's economy, putting our state on the map as the leader of the rebirth of the American auto industry," Gov. Jay Nixon said. "That momentum continues as we once again expand our network of automotive supply manufacturers in Missouri. Yanfeng's decision to build a new production facility in Riverside and create 263 new manufacturing jobs is more excellent news for our state's automotive industry sector and economy as a whole."
The Governor’s Office said the state helped make Yanfeng USA's expansion in Riverside possible through a strategic package of economic incentives, which the company can redeem if it meets the strict job creation and investment criteria.
"Yanfeng is precisely the type of long-term, job-creating employer we want to attract to our Horizons development, not from across town or the state line, but from around the country and world," said Kathy Rose, Mayor of Riverside. "We are honored that a Chinese manufacturer has chosen Riverside to be part of its global-sourcing business strategy. With this announcement, we believe our 260-acre industrial innovations and office development is just starting to provide the economic boost that we expect to contribute to Missouri and the entire Kansas City area."
Project Announcements
Northland Corporation Expands Greenville, Michigan, Operations
08/29/2024
Swedish Match Expands Daviess County, Kentucky, Operations
08/29/2024
Ardent Mills Expands Commerce City, Colorado, Production Operations
08/29/2024
Paul Mueller Company Expands Springfield, Missouri, Manufacturing Operations
08/29/2024
Nashville Wire Products Expands McEwen, Tennessee, Operations
08/28/2024
Crusoe Energy Systems Plans Tulsa, Oklahoma, Manufacturing Operations
08/27/2024
Most Read
-
19th Annual Area Development Gold and Silver Shovel Awards
Q2 2024
-
What the Latest EPA PFAS Rule Means for Site Due Diligence
Q3 2024
-
Semiconductors’ fragile relationship with water may be tested
Q3 2024
-
2023 Top States Commentary: Top-Ranked States Have What It Takes to Win Mega Projects
Q3 2023
-
2023 Top States for Doing Business Meet the Needs of Site Selectors
Q3 2023
-
2023's Leading Metro Locations: Hotspots of Economic Growth
Q4 2023
-
Mitigating Site Risks for Industrial Projects
Q3 2024