# Northeast Tool invests $2.5 million in new machine tools

Northeast Tool announced a $2.5 million capital investment in new machine tool technology at its Charlotte, North Carolina facility. The investment includes four new milling and turning machining centers from DMG Mori USA.

- Type: Investment
- Announced: 2017-08-15
- Where: Charlotte, North Carolina, United States
- Value: $2.50M
- Status: announced
- Products: precision machined parts, complex assemblies
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Northeast Tool](https://endata.com/companies/17515.md)
- [DMG Mori USA](https://endata.com/companies/17516.md) (supplier)

## Sources

- [northeasttool.us](https://northeasttool.us/2017/08/15/northeast-tool-invests-2-5-million-in-new-machine-tool-technology/), 2017-08-15: "Northeast Tool has a long track record of investing in the latest technology the industry has to offer."
- [prnewswire.com](https://www.prnewswire.com/news-releases/northeast-tool-invests-25-million-in-new-machine-tool-technology-300504597.html), 2017-08-15: "Northeast Tool, a contract manufacturer for the aerospace, defense, energy, medical, and commercial industries, announced today a $2.5 million capital investment in new machine tool technology."

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