# Goodway Machine to invest US$65.9M in smart machinery

Goodway Machine Corporation plans to invest NT$2 billion (US$65.9 million) in smart machinery to offset rising labour costs. The company also plans a new plant at Dapumei Intelligent Industrial Park, Taiwan, with trial production expected at end of Q4 2017.

- Type: Investment
- Announced: 2017-10-06
- Where: Taichung; Dapumei Intelligent Industrial Park, Taiwan, TWN
- Value: $65.9M
- Starts operating: Q4 2017
- Status: announced
- Products: CNC machines
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md), [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Goodway Machine Corp](https://endata.com/companies/17301.md)

## Sources

- [equipment-news.com](https://www.equipment-news.com/goodway-to-invest-us65-9m-in-smart-machinery/), 2017-10-06: "We have to put effort into smart machinery, as production costs will inevitably rise."

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