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Hyundai Heavy Machinery founded a project in the Hi-tech Development Zone of Tai'an, Shandong, China on 16 July 2010, with a total investment of $100 million. The plant will manufacture loaders and excavators, with the first stage (loader line) planned to be operational before June 2011.
“With a total investment of $100 million, the project mainly manufactures loaders and excavators, achieving estimated annual sales revenues of 6 billion yuan after completely put into operation.”chinaservicesinfo.com
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