YFS Automotive Systems Investing $26.9M, Creating 160 Jobs In Detroit

Credit: www.dailydetroit.com

YFS Automotive Systems, Inc. is expanding its U.S. manufacturing operations and creating 160 new jobs in Detroit, investing $26.9 million in a new facility to design, test, and manufacture automotive fuel system components.

“We are very excited to expand our operations to Detroit and play a role in the revival of Detroit by providing jobs for the people of the area,” said Marius Sipos, President, YFS. “Being in Detroit will allow us to pass on savings to our customers, optimize our product foot print and provide capacity for growth.”

The company will receive a Michigan Business Development Program (MBDP) performance-based grant through the Michigan Strategic Fund. The Michigan Strategic Fund approved the $1.3-million MBDP incentive to bring the project to Michigan rather than Ohio. The move was announced by the Michigan Economic Development Corporation (MEDC). Governor Rick Snyder met with YFS during his 2014 investment mission to China.

“Strong collaboration between the MEDC, the Detroit Regional Chamber and the DEGC/City of Detroit proved to be vital in attracting a global manufacturer like YFS,” said MEDC Chief Executive Officer Steve Arwood. “This company could have chosen any number of places in the U.S. to invest and grow and the fact that they chose Michigan is a testament to our growing economy and outstanding workforce.”

YFS Automotive Systems is a Tier 1 supplier of fuel tanks and urea systems for automotive OEMs. The company was established in 1997 as ABC Group Fuel Systems, Inc. and was purchased in 2014 by the Rongshi International, a Chinese-owned automotive supplier. The company plans to acquire approximately 30 acres of vacant industrial property in Detroit to construct a 150,000-square-foot manufacturing facility.

The project will generate a total capital investment of nearly $26.9 million and create 160 jobs. The city of Detroit has offered support to the project in the form of property tax abatement.

“This is an important step for YFS and Detroit,” said Detroit Mayor Mike Duggan. “Manufacturing investments can provide good opportunities for Detroiters, and Detroit has great potential for attracting more investments and creating even more jobs in the future.”

In addition to the support from Michigan Strategic Fund and city of Detroit, YFS is also requesting assistance from Detroit Employment Solutions Corporation (DESC) to help the company develop its workforce.