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A Yanfeng interior is pictured in this company image. [url=https://www.yeezy.com.mx]chanclas yeezy[/url] The Chattanooga City Council on Tuesday approved a tax break of a little more than $1 million over a period of 14 years for a Chinese company building a local plant to manufacture automobile interiors for Volkswagen.The vote was unanimous.The company, Yanfeng Automotive Interiors, is investing $55 million to build a plant on Bonnyshire Drive near the Volkswagen plant. A Yanfeng interior is pictu [url=https://www.asicsgel.de]asics sneaker[/url] red in this company image. Other council business* Chattanooga City Council approves funds for July 16 first responders Yanfeng logo Yanfeng plans to hire at least 325 people for the plant, paying an average wage of $50,000, company representative Tom Dzu told the council in a presentation last week. He said most of those positions would be fi [url=https://www.campusadidas.it]adidas campus[/url] lled locally.The company says it is the largest manufacturer in the world of auto interiors, with 22 plants in the U.S. and 100 worldwide. In Chattanooga, it will supply interior components including floor consoles, instrument panels and trunk trim for future VW models. Production is set to begin in late 2016.Under the terms of the agreement with the city, Yanfeng must meet 80 percent of its goals in order to qualify for the tax break, known as payment in lieu of taxes, or PILOT agreement. That means they must hire at least 260 people by 2018, Deputy Administrator for Economic Development Ni Tajv Mercury threatens Eastside, Tennessee-American Water in Chattanooga
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