Startup paving way for Chinese investment

Norm Heikens
May 22, 2008
Back to TopCommentsE-mailPrintBookmark and Share
Columbus, one of the first cities in the state to welcome Japanese investment in the 1980s, is taking an early role in drawing investment from China.

Chinese investment in the southern Indiana city is miniscule so far compared to the factories built there by forklift manufacturer Toyota Industries Corp. and other Japanese companies.

But the Columbus startup that's spearheading the new push, LHP Technologies, just landed its second Chinese joint venture, and plans more of the agreements.

LHP Technologies was launched in January last year by Ryan Hou, who is CEO of LHP Software LLC, a Columbus firm focusing on applications for the military and the automotive industry, among others.

The president of LHP Technologies is Brooke Tuttle, formerly a Cummins Inc. executive and president of the city's Economic Development Board.

Tuttle played a key role in luring Japanese companies that created thousands of jobs. Those jobs helped stabilize Columbus while Arvin Industries, a large auto parts maker, was acquired, and local diesel engine manufacturer Cummins Inc. struggled before returning to prosperity in the past few years.

Now Tuttle has turned his attention to building LHP Technologies into a force to help Chinese companies form joint ventures as they look to invest in the United States.

"Columbus is light years ahead of any other community on attracting Chinese investment," Tuttle said during yesterday's announcement. "This will pay dividends in the future in much the same way as Columbus profited by the Japanese wave of investment in the 1980s."

Yesterday, LHP announced a joint venture with a Chinese company that makes electric motors, pumps and generators. The joint venture, Techtop LHP Inc., includes LHP and Atlanta-based Techtop Industries Inc., which is majority owned by Shanghai Top Motors Co. Inc.

Techtop LHP initially will distribute the motors and pumps, then add manufacturing to the operation it will establish in Columbus.

In November, LHP created a joint venture with Yinlun USA that's called LHP Yin Chang.

Yinlun is owned by Yinlun Machinery Co. Ltd., a maker of oil coolers and other heat exchangers, and Dongfeng Motor Industry Import and Export Co. Ltd. Dongfeng is Cummins' joint venture partner in China for making engines.

LHP Yin Chang will help Cummins work with Chinese suppliers and help other Chinese companies look for joint venture opportunities in the U.S.


Post a comment to this story

We reserve the right to remove any post that we feel is obscene, profane, vulgar, racist, sexually explicit, abusive, or hateful.
You are legally responsible for what you post and your anonymity is not guaranteed.
Posts that insult, defame, threaten, harass or abuse other readers or people mentioned in IBJ editorial content are also subject to removal. Please respect the privacy of individuals and refrain from posting personal information.
No solicitations, spamming or advertisements are allowed. Readers may post links to other informational websites that are relevant to the topic at hand, but please do not link to objectionable material.
We may remove messages that are unrelated to the topic, encourage illegal activity, use all capital letters or are unreadable.

Messages that are flagged by readers as objectionable will be reviewed and may or may not be removed. Please do not flag a post simply because you disagree with it.

Sponsored by

facebook - twitter on Facebook & Twitter

Follow on TwitterFollow IBJ on Facebook:
Follow on TwitterFollow IBJ's Tweets on these topics:
Subscribe to IBJ
  1. How can any company that has the cash and other assets be allowed to simply foreclose and not pay the debt? Simon, pay the debt and sell the property yourself. Don't just stiff the bank with the loan and require them to find a buyer.

  2. If you only knew....

  3. The proposal is structured in such a way that a private company (who has competitors in the marketplace) has struck a deal to get "financing" through utility ratepayers via IPL. Competitors to BlueIndy are at disadvantage now. The story isn't "how green can we be" but how creative "financing" through captive ratepayers benefits a company whose proposal should sink or float in the competitive marketplace without customer funding. If it was a great idea there would be financing available. IBJ needs to be doing a story on the utility ratemaking piece of this (which is pretty complicated) but instead it suggests that folks are whining about paying for being green.

  4. The facts contained in your post make your position so much more credible than those based on sheer emotion. Thanks for enlightening us.

  5. Please consider a couple of economic realities: First, retail is more consolidated now than it was when malls like this were built. There used to be many department stores. Now, in essence, there is one--Macy's. Right off, you've eliminated the need for multiple anchor stores in malls. And in-line retailers have consolidated or folded or have stopped building new stores because so much of their business is now online. The Limited, for example, Next, malls are closing all over the country, even some of the former gems are now derelict.Times change. And finally, as the income level of any particular area declines, so do the retail offerings. Sad, but true.