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Automotives parts supplier invests $71 million in the region
August 1, 2016
By: Karen McIntyre
Editor
Yanfeng Automotive Interiors, the world’s largest supplier of automotive interior components, is establishing operations in Laurens County, SC. The new development is expected to bring $71 million of new capital investment and lead to the creation of 35 new jobs in the areas.
The Shanghai, china-based company will supply BMW with interior components, including door panels, instrument panels and floor consoles for multiple models built by the automaker.
Yanfeng Automotive Interiors is a supplier of instrument panels and cockpit systems, door panels, floor consoles and overhead consoles with more than 100 manufacturing and technical centers in 17 countries and 28,000 employees globally. Established in 2015, 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.
The company recently completed the acquisition of Faurecia’s Fountain Inn, SC manufacturing plant including the existing 365,000-square-foot plant and its current employees.
Yanfeng Automotive Interiors will expand the plant by an additional 100,000 square feet to accommodate future new business.
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