# JOFO and P&G start construction of $556M healthcare park in Weifang

A healthcare industry park with investment of CNY3.85 billion (USD556 million) started construction on June 12 in Weifang Hi-Tech Industrial Development Zone, jointly invested by JOFO Group and Procter & Gamble.

- Type: New facility
- Announced: 2019-06-12
- Where: Weifang Hi-Tech Industrial Development Zone, Shandong, China
- Value: $556.0M (3.85B CNY)
- Status: under construction
- Capacity: annual output value of 30 billion yuan
- Products: non-woven materials, healthcare products
- Sectors: [Industrial Textiles](https://endata.com/sectors/industrial-textiles.md)

## Companies

- [JOFO Group](https://endata.com/companies/38330.md)
- [Procter & Gamble](https://endata.com/companies/1815.md) (partner)
- [JOFO Group](https://endata.com/companies/38330.md) (partner)

## Sources

- [govt.chinadaily.com.cn](https://govt.chinadaily.com.cn/s/201906/13/WS5d02f95b498e12256565da3b/weifang-to-build-healthcare-industry-park.html), 2019-06-13: "A healthcare industry park with investment totaling 3.85 billion yuan ($556 million) started construction on June 12 in Weifang Hi-Tech Industrial Development Zone in Shandong province."
- [govt.chinadaily.com.cn](https://govt.chinadaily.com.cn/s/201906/19/WS5d09930d498e12256565e126/zone-breaks-ground-on-new-healthcare-park.html), 2019-06-19: "Weifang Hi-Tech Industrial Development Zone celebrated the groundbreaking of a healthcare industrial park with a total investment of 3.85 billion yuan ($555.94 million) on June 12."

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