# Angel to build CNY 5.1 billion water-purification park in Shaoxing

Angel Group signed an agreement to invest CNY 5.1 billion in an Angel Environmental Technology Smart Park in Binhai New City, Shaoxing, China. The 900-mu (60-hectare) park will produce water-purification equipment and be built in three phases.

- Type: New facility
- Announced: 2017-07-14
- Where: Binhai New City, Shaoxing, Zhejiang, China
- Value: $755.0M (5.10B CNY)
- Status: announced
- Capacity: 10 million units per year (at full build-out)
- Products: water-purification equipment
- Sectors: [Water Treatment Equipment](https://endata.com/sectors/water-treatment-equipment.md)

## Companies

- [Angel Group](https://endata.com/companies/25783.md)

## Sources

- [qd-wm.com](http://qd-wm.com/html/art2017721art_12797_1144003.html), 2017-07-21: "在滨海新城，我们不仅将建设高端净饮水产品的智能制造基地、全球研发总部，还将建设全球物联网服务信息中心及安吉尔大学等"

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