• Free for qualified executives and consultants to industry

  • Receive quarterly issues of Area Development Magazine and special market report and directory issues


China-Based Yanfeng Automotive Interiors Plans Laurens County, South Carolina, Plant

Yanfeng Automotive Interiors, the world’s largest supplier of automotive interior components, is establishing operations in Laurens County, South Carolina. The new development is expected to bring $71 million of new capital investment to the Upstate Region and lead to the creation of 35 new jobs.

The company recently completed the acquisition of Faurecia’s Fountain Inn, South Carolina, manufacturing plant located at 101 International Boulevard. The acquisition includes the existing 365,000-square-foot plant and its current employees. Yanfeng Automotive Interiors will also be expanding the plant by an additional 100,000 square feet to accommodate future new business. The company will supply BMW with interior components, including door panels, instrument panels and floor consoles, for multiple models built by the automaker.

Headquartered in Shanghai, Yanfeng Automotive Interiors is a joint venture between Yanfeng Automotive Trim Systems Co., Ltd., a wholly owned subsidiary of Huayu Automotive Systems Co., Ltd. (HASCO), the component group of SAIC Motor Corporation Limited (SAIC Motor), and Johnson Controls, a global multi-industrial company.

“We are pleased to be part of the community and look forward to working with the employees at the plant, and expanding our relationship with BMW. We appreciate the partnership with our customers, as well as local and state officials, who are working closely with us as we transfer control of operations at this manufacturing facility,” Vice President/General Manager of Yanfeng Automotive Interiors, North America Nathan Bowen said.

“We’re excited to welcome Yanfeng Automotive Interiors to the South Carolina family as the latest company to join our growing manufacturing industry. Yanfeng’s $71 million investment, and the 35 new jobs it means for Laurens County, shows that companies from all over the world continue to notice Team South Carolina’s commitment to developing a competitive business environment and one of the best workforces in the world,” said Governor Nikki Haley.

Exclusive Research