# Wold to invest CNY210M in carbide and cermet cutting tool project

Wold (Beijing Wold) plans to invest CNY210 million through subsidiaries to build a production line for coated cemented carbide and cermet cutting inserts in Jiaxing, Zhejiang, with an annual capacity of 28 million pieces over 5 years.

- Type: Investment
- Announced: 2021-05-21
- Where: Jiaxing, Zhejiang, China
- Value: $32.6M (210.0M CNY)
- Status: announced
- Capacity: 28 million pieces per year
- Products: coated cemented carbide cutting inserts, cermet cutting inserts
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Beijing Wold](https://endata.com/companies/55317.md)

## Sources

- [zhitongcaijing.com](https://www.zhitongcaijing.com/content/detail/479424.html), 2021-05-21: "沃尔德(688028.SH)拟2.1亿元投建“涂层硬质合金数控刀片、金属陶瓷数控刀片项目”"

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