Another Chinese company is coming to the Miami Valley. Sunsong Holdings, Inc. has announced it is purchasing Harco Manufacturing Group in Moraine.
Harco manufactures brake hose assemblies for the automotive industry. They currently employ about 1oo people.
In a statement released Tuesday, Harco owner Larry Harris said sale of the company depended on “Sunsong’s commitment to keep jobs in Moraine.” There was no word on if the company plans to add jobs to the Moraine site.
Sunsong Holdings, Inc. is the US subsidiary of Qingdao Sunsong located in Qingdao, China. In China, the company manufactures a variety of automotive hoses and assemblies.
In the press release, Chairman of Qingdao Sunsong Co., LTD, Wei Zengxiang, said, “The acquisition of Harco is an important step in the further global expansion of Sunsong. The similarities of the two companies and the value placed on employees, honesty, safety, and quality makes this a perfect fit. With manufacturing in the two largest automotive markets, the continued growth and success of Sunsong is well positioned for years to come.”
The purchase comes as China-based Fuyao Glass America continues renovations on the old GM Assembly Plant in Moraine.
Last year, Chinese companies invested more than 12 billion dollars in projects in the U.S..
