January 31, 2023

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Auto parts supplier announces $50M expansion in Laurens County > GSA Business

A global automotive supplier is growing its functions in Laurens County.

Yanfeng’s $49.6 million expenditure will create close to 58 new work opportunities about the up coming 5 a long time, according to a South Carolina Department of Commerce information release.

“Yanfeng is pleased to make this further financial commitment and even more improve our Fountain Inn functions,” reported Tony Elenbaas, Yanfeng’s North America vice president and basic supervisor, in the release. “This location is a essential element of our North American company. We appreciate the assistance from the point out of South Carolina.”

Its latest facility, which will be located at 101 Intercontinental Blvd. in Fountain Inn, requires the progress of its production footprint outside the house of the existing internet site, to include things like constructing renovations and a considerable investment in equipment and tools. The expansion will also make it possible for Yanfeng to accommodate the manufacturing of new and progressive components for automotive brands, the launch explained.

With more than 240 spots and 67,000 workers throughout the world, Yanfeng’s main merchandise portfolio focuses on inside, exterior, seating, cockpit electronics and passive protection. The business is anticipating and redefining how society will reside and get the job done inside the potential of automobiles, according to the release. Focusing on light-weight engineering and “Smart Cabin,” a technological know-how that brings together bodily options and electronic intelligence to greatly enhance the interactions in between occupants, Yanfeng supports automakers’ strategy to examine potential mobility and offer foremost cabin alternatives.

The growth is envisioned to be entire by 2026, and the firm is “re-skilling and up-skilling” latest group users as section of this changeover, according to the launch. People interested in new options with the Yanfeng group should check out the company’s occupations page

“Yanfeng’s expansion is reflective of our state’s place as a world-wide automotive chief, generating globe-course high-quality cars and components,” reported South Carolina Secretary of Commerce Harry M. Lightsey III in the release.

To guide with the prices of making improvements for this project, the Coordinating Council for Financial Enhancement approved task progress credits and also awarded a $200,000 Rural Infrastructure Fund grant to Laurens County.

Laurens County Council Chairman Brown Patterson reported in the release that the automotive field proceeds to prosper in Laurens County and the Upstate.

“South Carolina is happy of its sturdy automotive business, which include a broad community of suppliers manufacturing leading-notch merchandise and components,” stated S.C. Gov. Henry McMaster in the release. “Congratulations to Yanfeng on its ongoing growth, supporting one particular of the world’s most in-need industries from South Carolina’s Upstate. Our state is very pleased to assist the company’s ongoing success.”

Reach Krys at 864-640-4418.