# Ruitie Machine Tool starts construction of third-phase plant and smart laser project in Taicang

Ruitie Machine Tool (Suzhou) Co., Ltd. held a groundbreaking ceremony for its third-phase plant and smart laser industrialization project in Taicang, China. The project involves an investment of 180 million yuan, covers 28 mu (about 1.87 hectares), and is expected to be completed and operational by October 2021.

- Type: Expansion
- Announced: 2021-03-06
- Where: Taicang, Jiangsu, China
- Value: $27.7M (180.0M CNY)
- Starts operating: Oct 2021
- Status: under construction
- Products: oil-electric hybrid CNC bending machines, fiber laser cutting machines, intelligent flexible production lines
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Ruitie Machine Tool (Suzhou) Co., Ltd.](https://endata.com/companies/53682.md)

## Sources

- [gdlaser.org.cn](https://gdlaser.org.cn/index/news/details/id/2041.html), 2021-03-08: "瑞铁公司三期厂房暨智能激光产业化项目位于太仓市城厢镇中欧先进制造产业园，与瑞铁公司现有制造基地工厂约5分钟车程，总投资1.8亿元，占地面积28亩，总建筑面积约2万平方米，计划于2021年10月建成投产。"

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