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Sunday, November 7, 2021

Grand Forks: The Chinese Are Coming .... With Money -- November 7, 2021

Link here. The lede:

A Chinese company has chosen Grand Forks as the site of a manufacturing facility that city officials said Saturday could be the largest private sector investment in the community’s history.

Fufeng Group Ltd. picked an approximately 370 acre site in Grand Forks’ agri-business park. The facility is expected to initially require 25 million bushels of corn annually.

The announcement did not give the size of the investment or specify which products will be made there. Fufeng makes products for the animal nutrition, food and beverage, pharmaceutical, health and wellness, oil and gas, and other industries. It’s a leading producer of xanthan gum. This will be its first U.S.-based manufacturing facility. 

Data points:

  • construction: up to 1,000 workers for up to three years;
  • once operational: 233 direct jobs and 525 indirect jobs

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