# Neway CNC breaks ground on fifth-phase factory in Suzhou, China

Neway CNC (Suzhou) Co., Ltd. held a groundbreaking ceremony for its fifth-phase factory in Suzhou New District, Suzhou, China, on January 1, 2026. The project involves an investment of CNY 850 million and will build 51,000 square meters of plant space for producing CNC vertical lathes, grinding machines, and special-purpose machine tools.

- Type: New facility
- Announced: 2026-01-01
- Where: Suzhou New District, Suzhou, Jiangsu, China
- Value: $117.0M (850.0M CNY)
- Status: under construction
- Capacity: 51,000 square meters of plant space
- Products: CNC vertical lathes, CNC grinding machines, special-purpose machine tools
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Neway CNC Equipment](https://endata.com/companies/74933.md)

## Sources

- [newaycnc.com](https://www.newaycnc.com/show-311-67-1.html), 2026-01-01: "纽威数控五期工厂奠基，高端装备产业化再提速"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.