‘American Factory’ Owner Fuyao Glass To Raise $550 Million, Eyes Solar Market (2024)

FAQs

What is the current status of Fuyao Glass America? ›

Located at 110 Milacron Drive in Fountain Inn, Fuyao Glass America Inc.'s expansion includes additional assembly operations that will install parts to auto glass including sensors, antennas and more. The expansion is expected to be complete in March 2023. Individuals interested in joining the Fuyao Glass America Inc.

It currently employs more than 2,000 people in Moraine, where it has operated a 1.8 million-square-foot manufacturing plant since 2014.

It was only eight years ago that Fuyao purchased the vacant former General Motors Truck & Bus assembly plant in Moraine, and decided to start building a presence to serve the North American market.

As plans continue to develop, the total investment of the project totals $300 million that will be added to Fuyao's current $700 million investment into Dayton since 2014.

As the former President of the Fuyao Glass factory acknowledged before he was fired, “We are not a union shop—we do things right by employees,” a reminder that it doesn't take a union to create a good workplace and good wages.

Average Fuyao Glass America hourly pay ranges from approximately $14.07 per hour for Specialist to $29.35 per hour for Technician. The average Fuyao Glass America salary ranges from approximately $45,000 per year for Quality Control Supervisor to $89,649 per year for Accounting Manager.

General Motors, Ford, BMW, Honda, Bentley and more all use Fuyao glass in their newly manufactured automobiles.

Guardian Industries Company, based in Michigan, US, is among the largest glass companies in the world today. It manufactures float glass, glassware, fiberglass insulation, and other forms of building materials for commercial and residential construction.

At present, Fuyao Group has grown into one of the world's largest automotive glass suppliers, with its products recognized and purchased by the world's top automobile manufacturers and major OEMs, such as Bentley, Mercedes-Benz, BMW, Audi, GM, Toyota, Volkswagen, Ford, and Chrysler.

Chinese Manufacturing: Advantages

More US companies send their manufacturing production overseas, primarily to China. Doing so provides several significant advantages, including: Lower costs. Cheaper labor.

How much did employees at the Fuyao factory make an hour? ›

The estimated hourly pay at Fuyao Glass America ranges from approximately $14.73 per hour for Summer Associate to $29.35 per hour for Technician. The estimated salary at Fuyao Glass America ranges from approximately $45,000 per year for Quality Control Supervisor to $72,100 per year for Project Engineer....

Fuyao Glass America Inc revenue is $71.0M annually. After extensive research and analysis, Zippia's data science team found the following key financial metrics. Fuyao Glass America Inc has 307 employees, and the revenue per employee ratio is $231,270. Fuyao Glass America Inc peak revenue was $71.0M in 2021.

JobsOhio supported Fuyao in its initial site search, partnering to find an Ohio solution that would accomplish its goals at a lower cost, with less risk and in an expedited timeframe.

Warren Buffett is often considered the world's best investor of modern times. Buffett started investing at a young age, and was influenced by Benjamin Graham's value investing philosophy.

The money paid off, as the workers of Fuyao voted against unionizing. One worker in the documentary noted that the young people, despite wanting to earn more, feared losing their jobs.

THE BAD. In many ways, American Factory is a film about divisions. The gaps between the American and Chinese employees, between union supporters and union busters and between workers and management are all clearly on display. With ample opportunity, however, the film tends not to emphasize unity where it finds it.

Interview highlights. Bognar: In the film, Shawnea Rosser, who worked at the old GM plant and now works at Fuyao, she says it varies directly. She says at GM she was making $29 and some cents per hour and at Fuyao she makes $12.84. So that's less than half of what she used to make.

Jeff Daochuan Liu, Fuyao Glass America Inc: Profile and Biography - Bloomberg Markets.

How much does the CEO of Fuyao make? ›

As the Chairman of the Board and Executive Director of Fuyao Glass Industry Co, the total compensation of Dewang Cao at Fuyao Glass Industry Co is HKD$1,785,500.

Safelite buys its glass from the largest and most sophisticated glass manufacturers in the world; companies that work directly with and supply to the vehicle manufacturers.

COLUMBUS, Ohio – Safelite^® Group, the nation's leading vehicle glass services and recalibration company and owner of Safelite^® AutoGlass, announced today an agreement to acquire the assets of AutoGlass of America.

In 2014, a Chinese billionaire named Cao Dewang bought a former GM plant in Dayton, Ohio, and spent two years and half a billion dollars refurbishing it to be part of his global empire of automotive glass manufacturing, Fuyao Group.

Some of the most collectible types & styles of antique and vintage glassware include Depression Glass, Carnival Glass, Milk Glass, Moonstone, Hobnail Glass, and Jadeite. One of the most popular styles of antique glass was a Hen on Nest, also known as Animal Dishes because of the variety of animals they come in.

In between lies Sweden's famous “Glasriket,” Glass Country, sparkling with glassblowing studios. It's no surprise that glassmaking caught on here. The necessary resources are abundant: The region is densely forested (endless wood to fire the ovens) and blanketed with lakes (ample sand to melt into glass).

Uttar Pradesh: Firozabad in Agra district is the largest producer having as many as 100 small factories.

The glass found in Teslas, including the windshield, is produced by American Glass Products (AGP).

Carlite is the only brand of replacement glass recommended by Ford Motor Company for your Ford or Lincoln vehicle. Carlite products are made by OE manufacturers to the OE specifications.

How much does the US depend on China? ›

In 2021, U.S. exports to China were $151.1 billion, a 21.4% ($26.6 billion) increase from 2020; the U.S. imports from China were $506.4 billion, a 16.5% ($71.6 billion) increase; and the trade deficit with China was $355.3 billion, a 14.5% ($45.0 billion) increase.

Second, there are the wages for the workers directly involved in producing the parts. Labor is abundant and cheap in China because even though 300,000 have risen into the middle class and above, this still leaves one billion people living at the poverty level.

Aircraft, soybeans, motor vehicles and microchips are top U.S. exports to China. Since 2001, the share of these exports going to China has increased sharply. Soybeans and motor vehicles are targets of recent Chinese tariffs. Production of these two exports is geographically concentrated.

With the industrial revolution, work ceased to be seasonal and limited by daylight hours, as it had in the past. Factory owners were reluctant to leave their machinery idle, and in the 19th century, it was common for working hours to be between 14-16 hours a day, 6 days a week.

The working conditions in factories were often harsh. Hours were long, typically ten to twelve hours a day.

Poor workers were often housed in cramped, grossly inadequate quarters. Working conditions were difficult and exposed employees to many risks and dangers, including cramped work areas with poor ventilation, trauma from machinery, toxic exposures to heavy metals, dust, and solvents.

The typical container glass plant costs about $70 million to build.

Pairpoint Glass Company – America's Oldest Glass Company.

The Fuyao Glass Plant in Moraine Ohio employs over 2000 workers. Combined project investment including improvements, infrastructure, machinery and equipment would total $300 million.

OSHA cited Fuyao Glass America for nine repeated and 13 serious violations, including exposing employees to electrical safety violations; and failing to evaluate the workplace to determine permit-required confined spaces; train employees on lockout/tag out and entering confined spaces; install machine guarding; provide ...

What motivated Fuyao to invest in the US? ›

“The automotive industry is global, and without our initial investment in the U.S., Fuyao wouldn't have been able to grow and support our many great customers,” said Fuyao's Cao Dewang.

Home to 18,000+ industrial companies and nearly a million related jobs, Ohio is among the nation's most powerful states for manufacturing.

A financial advisor is someone who helps their clients manage their money. They have a more broad array of services and can often assist with short-term or operational aspects of finances. A financial planner is a finance professional who helps create strategies to achieve long-term goals.

Buffett might be the most famous investor of all.

Fuyao Glass America is the third-largest manufacturing company and one of the 20 largest employers in the Dayton region, according to DBJ research. It currently employs more than 2,000 people in Moraine, where it has operated a 1.8 million-square-foot manufacturing plant since 2014.

In total, OSHA has cited the company for 23 serious safety violations and one other-than-serious violations. “Fuyao Glass America needs to protect its workers.

According to IndexBox, the U.S. glass bottle market is running into a supply shortage. The causes of this shortage include high demand for alcohol, raw materials being reallocated to produce vaccine vials, and supply chain disruptions arising from the shipping container crisis.

Modern Auto Glass

General Motors, Ford, BMW, Honda, Bentley and more all use Fuyao glass in their newly manufactured automobiles.

At present, Fuyao Group has grown into one of the world's largest automotive glass suppliers, with its products recognized and purchased by the world's top automobile manufacturers and major OEMs, such as Bentley, Mercedes-Benz, BMW, Audi, GM, Toyota, Volkswagen, Ford, and Chrysler.

Does OSHA exist in China? ›

The State Administration of Work Safety (SAWS; Chinese: 国家安全生产监督管理总局), reporting to the State Council, is the non-ministerial agency of the Government of the People's Republic of China responsible for the regulation of risks to occupational safety and health in China.

China-based Fuyao Group sought to establish its first U.S. automotive glass manufacturing facility to meet increasing customer demand and mitigate rising international transportation costs.

Pilkington Glass Company (FRA:FDD)

The company has become the world's leading producer and distributor of tempered automotive, aerospace, and building glass.

Eventually, the glass bottle was overshadowed by the plastic model, as it was much easier and less expensive to transport plastic safely. Plastic bottles were considered to be more lightweight, resistant to breakage, and therefore superior in every way when compared to glass bottles.

The ongoing surge in demand for sand has made it a scarce commodity. This natural resource is commonly used in computer microchips and construction and is an active ingredient in cosmetics.

High demand coupled with the current labor shortages making it difficult for factories and logistics companies to increase staffing mean that the glass shortage will likely persist for some time. The result of this is that customers should expect glass prices and lead-times to remain high well into 2022.