# Konka Group to invest CNY 1.648B in new refrigeration and smart home appliance plants

Konka Group announced a plan to invest CNY 1.648 billion to build a new refrigeration home appliance industrial park and a smart home appliance production base in Xinxiang, Henan Province, China. The projects include a CNY 1.02 billion refrigeration park and a CNY 320 million smart home appliance base.

- Type: New facility
- Announced: 2020-06-05
- Where: Xinxiang, Henan, China
- Value: $233.0M (1.65B CNY)
- Status: announced
- Products: refrigerators, freezers, smart home appliances
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Konka Group](https://endata.com/companies/40005.md)

## Sources

- [ce.cn](http://www.ce.cn/cysc/zgjd/kx/202006/07/t20200607_35061649.shtml), 2020-06-07: "康佳集团称，新飞家电公司所属新飞冷柜厂在一定程度上存在厂房及设备老化的问题，为满足白电业务智能制造需求，进一步提升生产效率，做大做强新飞品牌的白电业务，公司拟推动对新飞冷柜厂所属346亩工业用地实施旧改开发，并投资建设新厂。"

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