# 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.

- Type: New facility
- Announced: 2020-11-09
- Where: Nanhai District, Foshan, Guangdong, China
- Value: $303.0M (2.00B CNY)
- Starts operating: 2021
- Status: announced
- Capacity: 5000 units per year of tower cranes and construction hoists
- Products: tower cranes, construction hoists
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [XCMG](https://endata.com/companies/15137.md)

## Sources

- [news.lmjx.net](https://news.lmjx.net/2020/202011/2020111307044318.shtml), 2020-11-12: "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。"
- [ccm-1.com](https://www.ccm-1.com/news/435.html), 2020-11-13: "佛山市人民政府与徐工集团工程机械有限公司签约，将在南海区建设总投资20亿元的广东生产基地项目。"

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