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Fuyao was all over the news this weekend!

According to the Global Times, FOX8, a TV station affiliated with Fox News in the United States, quoted the latest news from WDTN, a TV station affiliated with NBC, saying that several US law enforcement agencies, including the US Department of Homeland Security, conducted an investigation into "financial crimes and labor exploitation allegations" at 28 locations in Ohio that day, including the Fuyao Glass Dayton factory.

Fuyao Glass's staff told the media that "there is no information that can be disclosed for the time being." Fuyao Glass America issued a statement saying that "federal government officials and local law enforcement officers visited Fuyao Glass America that day, and the company fully cooperated with the investigation."

US Department of Homeland Security raid

According to the latest news from NBC affiliate WDTN and Dayton Daily News, a local media outlet in Dayton, on Friday local time, several law enforcement agencies, including the U.S. Department of Homeland Security, investigated Fuyao Glass USA Inc. in Moline and raided several homes in the Dayton area.

The report said that Murphy, the acting special agent in charge of the Ohio and Michigan Homeland Crime Investigation, said that investigators came to the Dayton area and executed 28 federal search warrants in multiple cities. "Our investigation focuses on financial crimes, money laundering, labor exploitation and potential human smuggling violations," Murphy said. "Currently, law enforcement agencies are working hard to find victims, provide services to them, and collect evidence related to the investigation."

The report also mentioned that Murphy called on the public to avoid areas where law enforcement officers were active in a statement, and called on the public who knew information about the investigation to provide relevant information to law enforcement agencies.

According to the above media reports, in a recording filmed inside the Fuyao factory and posted to Facebook, a Homeland Security agent told Fuyao workers that the company is not currently the subject of the investigation and has no intention of arresting anyone at the factory on Friday. "We just need to talk to everyone and understand what they saw, what happened and what they know. We are sorry to interrupt your work. We apologize. You may just want to get off work quickly. We understand. We will get this done as soon as possible."

According to the Global Times, Fuyao Glass America Inc. issued a statement to WDTN regarding the investigation, saying that "federal government personnel and local law enforcement officers visited Fuyao Glass America Inc. that day, and the company fully cooperated with the investigation." "Therefore, part of our first and second shift operations have been suspended. The third shift production has been resumed, and we believe that our production and delivery will not be affected."

The award-winning documentary behind the story of entering the US market

Niraj Antani, a Miamisburg Republican state senator, issued a statement on social media: "I am deeply concerned about today's actions by federal law enforcement against Fuyao. Before I was elected, Ohio provided millions of dollars in incentives to Fuyao through JobsOhio because they knew it would create jobs in the United States. I look forward to learning more about today's situation."

In 2014, China's Fuyao Group acquired part of the shares of General Motors' closed plant in Moline and converted it into what the company called the world's largest automotive glass production base. Later, the documentary "American Factory" based on this and produced by Netflix won the 92nd Academy Award for Best Documentary.

The film was produced by the Obamas and tells the story of Cao Dewang, the Chinese automotive glass tycoon, entering the US market. The film is set after the US financial crisis, when the General Motors plant in Dayton, Ohio closed down and the entire community fell into depression. It tells the story of China's Fuyao Glass Group taking over an abandoned General Motors plant in Ohio, USA, converting it into a glass manufacturing factory and hiring thousands of blue-collar American employees.

Source: China Securities