Wanxiang Group, the second-largest privately held Chinese corporation, wants to build a photovoltaic solar panel assembly plant at or near Chicago Rockford International Airport. The proposed 40,000-square-foot facility could be operational next year and employ 60 to start. President and CEO Lu Weiding signed an agreement with Rockford, Winnebago County and airport officials today to work out a development deal for the project. Wanxiang officials said they want to move fast, starting construction as soon as possible.DKK
Wanxiang Group conducted a nationwide search for the site of its assembly plant, said Janyce Fadden, president of the Rockford Area Economic Development Council.