Chinese Company Plans to Build Plant in Indiana

Market News

Bloomberg reports that a Chinese company that makes aluminum components for the auto industry and other businesses plans to build a factory in Lafayette, creating up to 150 new jobs by 2013.

Bloomberg reports that a Chinese company that makes aluminum components for the auto industry and other businesses plans to build a factory in Lafayette, creating up to 150 new jobs by 2013.

The market news is quoted as saying:

The company based in China’s Shangdong province plans to invest up to $98.5 million to build a 420,000 square-foot plant and a 15,000 square-foot office building. The Indiana Economic Development Corp. says the project is a result of an economic trip Daniels made to Asia in November.

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