# Tongyu Heavy Industry to invest 763.6M yuan in heavy forging equipment project

Tongyu Heavy Industry plans to invest 763.6 million yuan to build a multi-functional super-heavy forging press and supporting equipment at its existing plant in Dezhou High-tech Industrial Development Zone, Shandong. The construction period is two years.

- Type: Investment
- Announced: 2021-08-12
- Where: Dezhou High-tech Industrial Development Zone, Shandong, China
- Value: $117.8M (763.6M CNY)
- Status: announced
- Products: super-heavy forging press, high-end equipment core components
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Tongyu Heavy Industry](https://endata.com/companies/57051.md)

## Sources

- [beta.zhitongcaijing.com](http://beta.zhitongcaijing.com/content/detail/533629.html), 2021-08-12: "公司拟在现有产业园厂区投资建设多功能超重型模锻挤压机及配套高温加热炉、装取料机等配套设备及配套公用设施。"

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