# Shandong Heavy Industry starts construction of 5B yuan machinery base in Laiwu

Shandong Heavy Industry started construction of a large engineering machinery manufacturing base in Laiwu, Jinan, with a total investment of 5 billion yuan. Phase I is expected to be completed by end of 2021 and start production on July 1, 2022.

- Type: New facility
- Announced: 2021-06-02
- Where: Laiwu, Jinan, Shandong, China
- Value: $770.0M (5.00B CNY)
- Starts operating: 1 Jul 2022
- Status: under construction
- Products: large engineering machinery
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Shandong Heavy Industry Group](https://endata.com/companies/37551.md)

## Sources

- [jinan.iqilu.com](https://jinan.iqilu.com/news/2021/0602/4871260.shtml), 2021-06-02: "山东重工（济南莱芜）大型工程机械制造基地项目总投资50亿元，一期项目计划今年年底主体完工，2022年7月1日投产。"

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