# Turbomax to build 195M yuan energy-saving equipment project in Nantong Gangzha

South Korean turbo blower maker Turbomax signed an agreement on January 15, 2019 with Gangzha Economic Development Area in Nantong to build an energy-saving and eco-friendly equipment project with an investment of 195 million yuan on a 1.4-hectare site, targeting 500 million yuan in taxable sales within five years of production.

- Type: Partnership
- Announced: 2019-01-15
- Where: Gangzha, Nantong, China
- Value: $28.8M (195.0M CNY)
- Status: announced
- Capacity: 150 million yuan annual output
- Products: turbo blowers, energy-saving equipment
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Turbomax Co](https://endata.com/companies/4491.md) (investor)
- [Gangzha Economic Development Area](https://endata.com/companies/4492.md) (partner)

## Sources

- [govt.chinadaily.com.cn](https://govt.chinadaily.com.cn/s/201901/18/WS5c451a4e498e27e338036d6a/ecofriendly-gangzha-project-wins-south-korean-investment.html), 2019-01-18: "With an investment of 195 million yuan ($28.78 million), the green project will cover an area measuring 1.4 hectares"

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