# EMAG (China) breaks ground on high-end CNC machine tool plant in Jintan

EMAG (China) Machinery Co., Ltd. held a groundbreaking ceremony for the first phase of its high-end CNC machine tool project in Jintan Economic Development Zone, Jiangsu province, on December 1, 2018. The total investment is 4.9 billion yuan, with phase one investment of 3.08 billion yuan, and will produce 3,000 high-end CNC machine tools annually with expected annual sales over 10 billion yuan.

- Type: New facility
- Announced: 2018-11-16
- Where: Jintan Economic Development Zone, Jiangsu province, China
- Value: $445.0M (3.08B CNY)
- Status: under construction
- Capacity: 3,000 high-end CNC machine tools per year
- Products: high-end CNC machine tools
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [EMAG (China) Machinery](https://endata.com/companies/19235.md)
- [Jinsheng Industrial](https://endata.com/companies/19236.md) (investor)
- [EMAG Group](https://endata.com/companies/19237.md) (partner)

## Sources

- [tex-asia.com](http://www.tex-asia.com/mobile/news/201811/16/38922.html), 2018-11-16: "12月1日，埃马克(中国)机械有限公司高端数控机床一期项目在江苏金坛经济开发区正式奠基。"

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