# Yantai Universal breaks ground on CNC machine tool components base in Fushan

Yantai Universal Machine Tool Equipment Co., Ltd. held a groundbreaking ceremony for its high-end CNC machine tool functional components industrial base project in Fushan District, Yantai. The project involves an investment of 500 million yuan and is expected to achieve annual sales revenue of 600 million yuan.

- Type: New facility
- Announced: 2020-10-18
- Where: Fushan District, Yantai, China
- Value: $75.0M (500.0M CNY)
- Status: under construction
- Products: high-end CNC machine tool functional components
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Yantai Universal Machine Tool Equipment Co., Ltd.](https://endata.com/companies/50618.md)

## Sources

- [jxw.yantai.gov.cn](https://jxw.yantai.gov.cn/art/2020/10/20/art_6592_2849716.html), 2020-10-20: "烟台环球高档数控机床功能部件产业基地项目在福山区福东工业园举行开工仪式。"

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