# 恒锋工具 to invest 353M yuan in smart manufacturing upgrade

恒锋工具 announced a 353 million yuan investment to upgrade its manufacturing facilities in Haiyan, Zhejiang, including new buildings and equipment.

- Type: Investment
- Announced: 2019-02-25
- Where: Haiyan County, Zhejiang, China
- Value: $52.5M (353.0M CNY)
- Status: announced
- Products: precision tools, smart manufacturing equipment
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies


## Sources

- [cim2025.net](http://www.cim2025.net/plus/view.php?aid=4155), 2019-02-26: "拟以自有资金及自筹资金在浙江省海盐县武原镇新桥北路239号老厂区及河对岸新厂区投资建设智能制造优化升级改造项目"

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