# SOCO Machinery breaks ground on NTD 1B laser R&D center in Nangang, Taiwan

SOCO Machinery held a groundbreaking ceremony for a new laser R&D and application manufacturing base in the Nangang Industrial Zone, Taiwan. The NTD 1 billion investment is expected to boost group revenues by over 20% within three years of completion.

- Type: New facility
- Announced: 2020-08-19
- Where: Nangang Industrial Zone, Taiwan, TWN
- Value: $34.0M (1.00B TWD)
- Status: under construction
- Products: laser cutting equipment, metal circular saws, tube bending machines
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Ho Ho Mechanical](https://endata.com/companies/45240.md)

## Sources

- [soco.com.tw](https://www.soco.com.tw/ja/news/the-new-laser-rd-center), 2020-08-19: "SOCO Machinery announced that the group will spend NTD 1 billion to build a laser R&D and application manufacturing base in the Nangang Industrial Zone."
- [soco.com.tw](https://www.soco.com.tw/de/news/the-new-laser-rd-center), 2020-08-19: "SOCO Machinery, one of the world's top three manufacturers of metal circular saws and tube bending machines, announced that the group will spend NTD 1 billion to build a laser R&D and application manufacturing base in the Nangang Industrial Zone."

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