# Sieyuan Electric invests 100 million yuan to build new production line in Ruga

Sieyuan Electric (002028.SZ) announced it will invest 100 million yuan of its own funds to increase capital in its wholly-owned subsidiary Jiangsu Sieyuan High Voltage Switch Co., Ltd. to build a new production line for enclosed switchgear in Ruga, aiming to increase capacity and reduce costs.

- Type: Expansion
- Announced: 2021-05-28
- Where: Ruga, China
- Value: $15.5M (100.0M CNY)
- Status: announced
- Products: enclosed switchgear
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [Sieyuan Electric Co., Ltd.](https://endata.com/companies/30924.md)
- [Jiangsu Sieyuan High Voltage Switch](https://endata.com/companies/43963.md) (partner)

## Sources

- [beta.zhitongcaijing.com](http://beta.zhitongcaijing.com/content/detail/483731.html), 2021-05-28: "本次增资事项是为了在如皋新建封闭开关设备的生产线"

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