# Yantai Universal to build high-end CNC machine tool components base in Fushan

Yantai Universal Machine Tool Equipment Co., Ltd. held a beam-raising ceremony for its high-end CNC machine tool functional components industrial base project in Fudong Emerging Industrial Park, Fushan. The project is a 'retreat from city to park' relocation, with an investment of 450 million yuan.

- Type: New facility
- Announced: 2021-04-28
- Where: Fudong Emerging Industrial Park, Fushan, Yantai, China
- Value: $69.5M (450.0M CNY)
- Status: under construction
- Products: CNC machine tool functional components
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Yantai Universal Machine Tool Equipment Co., Ltd.](https://endata.com/companies/50618.md)

## Sources

- [jiaodong.net](http://www.jiaodong.net/news/system/2021/04/28/014170293.shtml), 2021-04-28: "项目建成后，将实现数控功能部件产品的系统化研发、专业化生产、产业化提升，产品达到国内领先、国际先进的水平"

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