Chinese Furniture Manufacturer Opens Indiana Headquarters

Chinese furniture maker, Anji Yuankai Furniture Co., Ltd. ("Y.K. Furniture") will establish its United States headquarters in Marion. The company, which manufactures upholstered furniture, plans to invest $24.3 million to establish its first U.S. subsidiary, King's Group U.S.A., LLC, at 1500 South Western Avenue, Marion. The facility will house assembly and distribution operations for King's Group.

The Indiana Economic Development Corporation offered King's Group up to $475,000 in performance-based tax credits. In addition, the IEDC will provide the city of Marion $200,000 from the Industrial Development Grant Fund toward road improvements needed at the site. The city of Marion has negotiated a favorable sale price to King's Group of the currently blighted 12-acre site in return for short term rehabilitation, new construction and job creation in concert with establishment of the "Global Marion Center" by King's Group to recruit more Chinese manufacturers.

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Chinese Representatives Due to Visit Marion

A recent trade mission to China by Marion Mayor Wayne Seybold could lead to more investment in the Grant County community, reports Inside INdiana Business. A group of Chinese officials from at least seven companies is expected to visit the city in May. The representatives are coming to Indiana as officials work to close a deal to bring a furniture manufacturer to Marion.

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Indiana Mayors Invited to Chicago by China Consul

The Consul General of the People’s Republic of China to Chicago, His Excellency Ping Huang (right), will host a group of Indiana Mayors for a first of its kind meeting and lunch at his Chicago consulate on 18 January (Monday), reports Inside INdiana Business.

Five Mayors from Indiana’s North Central Region have been invited to travel to Chicago to meet with the Chinese Consul General and his staff: Mayor Sharon McShurley of Muncie, Mayor Bruce Hosier of Portland, Mayor Wayne Seybold of Marion, Mayor Mike Fincher of Logansport, and Mayor Jason Thompson of Monticello.

This event is the result of the joint collaboration of the Confucius Institute at Purdue University, Purdue’s Center For International Business, Education and Research, and Larry Ingraham, an international consultant and member of the Purdue CIBER advisory committee, who is now representing The Sagamore Institute For Policy Research, based in Indianapolis.

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