# Makino breaks ground on $154M auto parts machine tool plant in Wuhan

Makino Group has started construction of its first global automotive parts precision machining machine tool base in Caidian Economic Development Zone, Wuhan, China. The project involves a total investment of 1 billion yuan (approx. $154 million) and is expected to produce 600 machine tools annually. Phase 1 is scheduled for completion in April 2022.

- Type: New facility
- Announced: 2020-12-01
- Where: Caidian Economic Development Zone, Wuhan, China, China
- Value: $154.0M (1.00B CNY)
- Jobs: 100
- Starts operating: Apr 2022
- Status: under construction
- Capacity: 600 machine tools per year
- Products: automotive parts precision machining machine tools
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md), [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Makino](https://endata.com/companies/16706.md)
- [Makino Automotive Equipment (Wuhan) Co., Ltd.](https://endata.com/companies/51629.md) (partner)

## Sources

- [sw.wuhan.gov.cn](https://sw.wuhan.gov.cn/xwdt/mtbd/202012/t20201203_1525746.shtml), 2020-12-03: "中国汽车市场仍有着较强增长潜力，市场开放度也较高，投资有着稳定的预期。"
- [cnclead.com](https://cnclead.com/wap/category/view/1166.html?applets=0), 2021-02-23: "去年12月，总投资10亿元的牧野集团全球首个汽车零部件精加工机床生产基地在日资先进制造业集聚区开工建设。"

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