Northern Carolina Construction News staff
Global automotive supplier Yanfeng says it will spend $49.6 million to expand operations in Laurens County.
The company produces interior, exterior, seating, cockpit electronics and passive safety and plans to focus on lightweight technology and Smart Cabin – a technology that combines physical features and digital intelligence to enhance the interactions between occupants.
“Yanfeng is pleased to make this additional investment and further grow our Fountain Inn operations. This location is a key part of our North American business. We appreciate the support from the state of South Carolina,” said Yanfeng North America vice president and general manager Tony Elenbaas.
Located at 101 International Boulevard in Fountain Inn, the company’s expansion includes building renovations and a significant investment in machinery and equipment to accommodate production of new and innovative parts for automotive manufacturers.
Construction is expected to be complete by 2026.
The Coordinating Council for Economic Development approved job development credits related to this project. The council also awarded a $200,000 Rural Infrastructure Fund grant to Laurens County to assist with costs of building improvements.
“South Carolina is proud of its robust automotive industry, including a wide network of suppliers producing top-notch goods and materials,” said Governor Henry McMaster. “Congratulations to Yanfeng on its continued growth, supporting one of the world’s most in-demand industries from South Carolina’s upstate.
“Our state is proud to support the company’s continued success.”
The company’s investment of $49.6 million will create approximately 58 new jobs over the next five years.