Homeland Security Raids China-Owned Fuyao Glass Plant, 27 Locations in Ohio, Probing Financial, Labor Crimes

Published on August 1, 2024

The U.S. Homeland Security and other agencies raided the world’s biggest auto glass maker—China’s Fuyao glass factory in Ohio on July 26. Hundreds of special agents from Homeland Security, Internal Revenue Service Criminal Investigations Division, and the Federal Bureau of Investigations searched the Fuyao factory in Moraine and 27 other locations in the Dayton area in Ohio. U.S. Homeland Security stated the reason for the operation was “allegations of financial crimes and labour exploitation,” adding the investigation is active and ongoing. On July 26, Fuyao Glass Group closed at 47.26 yuan per share, down 0.71 percent. Fuyao Group was established in Fuzhou, China in 1987. It produces automotive safety glass and industrial technical glass. Fuyao Glass (600660.SH) is currently the world’s largest manufacturer of automotive glass....

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