# PTG completes new joint venture machine tools factory in South Carolina

Precision Technologies Group (PTG), a subsidiary of Chongqing Machinery & Electric, completed a new joint venture machine tools factory in South Carolina, USA, in 2017.

- Type: New facility
- Announced: 2017-08-11
- Where: South Carolina, United States
- Starts operating: 2017
- Status: completed
- Products: machine tools
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Precision Technologies Group](https://endata.com/companies/17510.md)
- [Chongqing Machinery & Electric](https://endata.com/companies/16303.md) (investor)

## Sources

- [chinadaily.com.cn](http://www.chinadaily.com.cn/a/201708/11/WS5a291bd2a310fcb6fafd3a26.html), 2017-08-11: "PTG is celebrating some key achievements this year, including the completion of a new joint venture machine tools factory in South Carolina in the United States"
- [chinadaily.com.cn](https://www.chinadaily.com.cn/a/201708/11/WS5a2926c7a310fcb6fafd40ce.html), 2017-08-11: "PTG is celebrating some key achievements this year, including the completion of a new joint venture machine tools factory in South Carolina in the United States"

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