# Okada Seiki Danyang invests 120M yuan in new plant in Erling, China

Okada Seiki Danyang Co., Ltd. invested 120 million yuan to upgrade and expand capacity, building an 18,000-square-meter standardized plant with advanced CNC equipment. The new facility has commenced production, with expected annual sales of 500 million yuan.

- Type: Expansion
- Announced: 2019-11-18
- Where: Erling, Danyang, Jiangsu, China
- Value: $17.0M (120.0M CNY)
- Starts operating: 18 Nov 2019
- Status: completed
- Products: CNC machine tool components, tool magazines
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Okada Seiki Danyang](https://endata.com/companies/43331.md)

## Sources

- [dy001.cn](https://www.dy001.cn/2019/1118/55503.shtml), 2019-11-18: "冈田精机丹阳有限公司投资1.2亿元进行升级扩能，新建了18000平方米的标准化厂房、添置了一批先进的数控生产设备，新厂日前已正式投产"

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