XCMG to build 2 billion yuan tower crane plant in Foshan, China

XCMG Group signed an agreement with Foshan city government to build a tower crane and construction hoist manufacturing base in Nanhai District, Foshan. The total investment is 2 billion yuan, with construction starting by end of 2020 and trial production in 2021.

“该项目总投资20亿元，其中固定资产投资12亿元，计划用地266亩，基地将以智能装备、在线监测、工业互联网等技术为基础，打造纵向互联的智能化产线。”news.lmjx.net

• 2 sources
• news.lmjx.net总投资20亿元 徐工在佛山市建设建筑起重机械生产基地-徐工-工程机械动态-中国路面机械网Nov 12, 2020
• ccm-1.com徐工牵手佛山！20亿建设广东生产基地-工程机械品牌网Nov 13, 2020

Summarized from public sources; check the original articles before acting on it.