# Kaishan Heavy Industry acquires Jiangzhong Machinery assets

Kaishan Heavy Industry acquired land, buildings and assets of Hubei Jiangzhong Machinery Manufacturing Co., Ltd. (Jiangzhong Machinery) in Yiling District, Yichang, Hubei, China, for over 1 billion RMB. The acquisition will be used for the second phase of Kaishan Heavy Industry's Yichang manufacturing base.

- Type: Acquisition
- Announced: 2026-06-18
- Where: Yiling District, Yichang, Hubei, China
- Value: $140.0M (1.00B CNY)
- Status: announced
- Products: rock drilling rigs, intelligent drilling robots, multi-function vehicles, drilling tools, KR series open-pit rotary drill
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Kaishan Heavy Industry](https://endata.com/companies/92639.md) (acquirer)
- [Hubei Jiangzhong Machinery Manufacturing Co., Ltd.](https://endata.com/companies/92640.md) (target)

## Sources

- [kaishangroup.com](https://www.kaishangroup.com/news/ks/198.html), 2026-06-25: "开山重工将刚刚通过竞拍购得的湖北江重机械制造有限公司土地、厂房等相关资产进行改造及新建，用于投资建设开山重工宜昌制造基地（二期）项目，总投资将超过10亿人民币。"

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