# Cheto invests €3M in new technology centre in Oliveira de Azeméis

Cheto Corporation has completed a €3 million investment in a new technology centre in Oliveira de Azeméis, Portugal, consolidating engineering, assembly and training activities. The facility increases assembly capacity from two to seven machines simultaneously.

- Type: Expansion
- Announced: 2017-12-03
- Where: Oliveira de Azeméis, Portugal
- Value: $3.55M (3.00M EUR)
- Jobs: 6
- Starts operating: 7 Dec 2017
- Status: completed
- Capacity: seven machines simultaneously
- Products: milling and deep-hole drilling machines
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Cheto Corporation](https://endata.com/companies/17969.md)

## Sources

- [jornaldenegocios.pt](https://www.jornaldenegocios.pt/empresas/industria/detalhe/cheto-investe-tres-milhoes-no-fabrico-de-maquinas-para-moldes-em-oliveira-de-azemeis), 2017-12-03: "Esta nova infra-estrutura, implantada numa área de 10 mil metros quadrados na Área de Acolhimento Empresarial de Ul-Loureiro, vai permitir encurtar os prazos de entrega das máquinas."

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