XCMG to build $310M construction machinery plant in Foshan, China

XCMG Construction Machinery (XCMG Jianji) is building a new intelligent manufacturing base in Foshan, Guangdong province, with an investment of 2 billion yuan (approx. $310 million). The facility will produce tower cranes and construction hoists, with an annual capacity of over 5,000 units and expected annual revenue of 2.5 billion yuan.

“该项目力争实现“当年开工建设、当年投产运营”。”jsnews.jschina.com.cn

• 1 source
• jsnews.jschina.com.cn徐工建筑工程机械新基地落户广东佛山_中国江苏网徒滢Jan 19, 2021

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