# 义同机械 invests CNY 100M in new machine tool plant in Shaoguan

Guangzhou Yitong Machinery Industrial Co., Ltd. signed an agreement to invest approximately CNY 100 million in a new facility in Shaoguan South China Advanced Equipment Industrial Park. The plant will manufacture metal-cutting and metal-forming machine tools.

- Type: New facility
- Announced: 2021-04-29
- Where: Shaoguan South China Advanced Equipment Industrial Park, Guangdong, China
- Value: $15.4M (100.0M CNY)
- Status: announced
- Capacity: 46 mu (approx. 3.07 hectares)
- Products: metal-cutting machine tools, metal-forming machine tools, metal cutting and welding equipment
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Guangzhou Yitong Machinery Industrial Co., Ltd.](https://endata.com/companies/55049.md)

## Sources

- [skjcsc.com](http://www.skjcsc.com/chechuang/30575.html), 2021-05-12: "4月29日，在韶关华南先进装备产业园管委会领导班子的见证下，装备园管委会与广州义同机械实业有限公司举行了签约仪式，计划投资约1亿元。"

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