# 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.

- Type: New facility
- Announced: 2021-01-16
- Where: Foshan, Guangdong, China
- Value: $310.0M (2.00B CNY)
- Starts operating: 2021
- Status: under construction
- Capacity: 5,000 units per year
- Products: tower cranes, construction hoists
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md), [Material Handling](https://endata.com/sectors/material-handling.md)

## Companies

- [XCMG Construction Machinery](https://endata.com/companies/52617.md)

## Sources

- [jsnews.jschina.com.cn](http://jsnews.jschina.com.cn/xz/a/202101/t20210119_2712461.shtml), 2021-01-19: "该项目力争实现“当年开工建设、当年投产运营”。"

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