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Modul MT Verzahntechnik GmbH signed an agreement with the Chengdu government to build a high-end gear hobbing machine tool manufacturing base in Chengdu Eastern New District, with a total investment of 1.5 billion yuan (about $210 million). The facility will produce gear hobbing, gear shaping, and gear grinding machines.
“项目总投资15亿元、将依托德方在滚齿机领域的核心技术,建设集研发、生产、检测于一体的现代化工厂。”cn.chinadaily.com.cn
Summarized from public sources; check the original articles before acting on it.