# Zhuhai Xinhua Magnetic Materials to build magnetics components plant in Fushan for $29M

Zhuhai Xinhua Magnetic Materials signed a contract to build a magnetics materials industrial base in Fushan Industrial Park costing 200 million yuan ($29 million). The base will be completed in two years.

- Type: New facility
- Announced: 2017-01-25
- Where: Fushan Industrial Park, Zhuhai, China
- Value: $29.0M (200.0M CNY)
- Status: announced
- Products: magnetics materials components
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [Zhuhai Xinhua Magnetic Materials](https://endata.com/companies/21971.md)

## Sources

- [newsgd.com](https://www.newsgd.com/node_5c070fdd03/b6b0563d72.shtml), 2017-02-04: "Zhuhai Xinhua Magnetic Materials is a leading professional hi-tech research and manufacturing enterprise."

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