A Michigan-based subsidiary of China's biggest plastics maker will invest $60 million and create 150 jobs over the next three years with an expansion of its suburban Detroit plant.
Kingfa Science and Technology (USA) Inc in Canton Township is also the recipient of a $1 million performance-based grant from the Michigan Economic Development Corp that will be used in the expansion.
"We are not solely focused on the automotive industry, but that is the largest part of our business," Christina Zamenski, Kingfa USA's human resources manager, said in an interview.
Zamenski said Kingfa supplies raw materials to plastic-injection molding companies that produce door panels and other automotive products.
"Currently we have 27 employees and over the next three years we will add 150 employees, including 20 to 30 this year," said Zamenski.
She said Kingfa moved into the Canton facility last March. "We have a very diverse work force including employees from China," Zamenski said. Kingfa also is expected to seek tax abatements from Canton.
Canton was selected as the company's US headquarters following a 2015 trade mission to China by Michigan Governor Rick Snyder.
Kingfa USA is a unit of Guangzhou-based Kingfa Science and Technology Ltd, a global leader in the engineered plastic resin industry. Products include advanced engineered plastics, biodegradable plastics, cellulose-based materials, carbon fiber and composites.
(Source: China Daily)
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