# Sieyuan Electric subsidiary to invest 108.4 million yuan in RIP dry-type bushing project

Sieyuan Electric's subsidiary Jiangsu Sieyuan Hertz Transformer Co., Ltd. plans to invest 108.41 million yuan in a 'RIP dry-type bushing project' to expand its product portfolio. The project will lease factory space from Jiangsu Rugaohigh Voltage Electric Co., Ltd.

- Type: Investment
- Announced: 2021-02-03
- Where: China
- Value: $16.7M (108.4M CNY)
- Status: announced
- Products: RIP dry-type bushings
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [Sieyuan Electric Co., Ltd.](https://endata.com/companies/30924.md)
- [Jiangsu Sieyuan Hertz Transformer](https://endata.com/companies/53007.md) (investor)

## Sources

- [beta.zhitongcaijing.com](http://beta.zhitongcaijing.com/content/detail/406217.html), 2021-02-03: "计划使用自有资金投资建设“RIP干式套管项目”，项目设备投资1.0841亿元"

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