Congratulations to Womble Bond Dickinson client Yanfeng! The global automotive supplier recently announced plans to expand its Fountain Inn, S.C. facility. The expansion will create approximately 58 new jobs over the next five years and represents an investment of $49.5 million.
A Womble Bond Dickinson team led by Partner Stephanie Yarbrough and including attorneys Brandy Harris and Caroline Frey counseled Yanfeng on economic development issues related to the expansion. These included securing job development credits from the Coordinating Council for Economic Development as well as a Rural Infrastructure Fund grant to help with building infrastructure costs.
In a statement, Yanfeng North America Vice President and General Manager Tony Elenbaas said, “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.”
Yanfeng has more than 240 locations and 67,000 employees worldwide. The company’s core product portfolio focuses on interior, exterior, seating, cockpit electronics and passive safety. As an industry leader, Yanfeng is anticipating and redefining how society will live and work inside the vehicles of tomorrow. Focusing on lightweight technology and Smart Cabin, a technology that combines physical features and digital intelligence to enhance the interactions between occupants, Yanfeng supports automakers to explore future mobility and provide leading cabin solutions.