Kingfa is a subsidiary of Guangzhou, China-based Kingfa Science and Technology, China’s largest plastics compounder, a major player in the engineered plastic resin industry.
Kingfa’s products include flame-retardant compounds and alloys, as well as advanced engineered plastics, biodegradable plastics, cellulose-based materials, carbon fiber and composites.
“Kingfa supplies raw materials to plastic-injection molding companies that produce door panels and other automotive products. We are not solely focused on the automotive industry, but that is the largest part of our business”, Christina Zamenski, Kingfa USA’s human resources manager, said in an interview with the Chinese state newspaper China Daily.
She said Kingfa moved into the Canton facility last March.
“Currently we have 27 employees and over the next three years we will add 150 employees, including 20 to 30 this year”, said Zamenski.
Local body Michigan Economic Development Corporation awarded the company a $1 million Michigan Business Development Program performance-based grant to expand in the Detroit suburb of Canton Township, which was chosen over a competing site in Ohio. The township offered a property tax abatement, according to local newspaper Plastics News.
Last June, Kingfa Science & Technology and Jushi Group announced a technical alliance “to better meet customized needs from clients in the global thermoplastic industry.” China’s Jushi Group, major fiberglass products manufacturer, also established a US subsidiary last year. In South Carolina, the plant project includes a US$300 million (€281 million) investment and an initial 400 jobs.