# Xiaxing Technology to build engineering machinery plant in Sanmen, China

Xiaxing Technology (Zhejiang) Co., Ltd. signed an investment agreement to build a plant producing 1,000 units of engineering machinery per year in Sanmen, Zhejiang. The project involves 8 billion yuan investment and is expected to create 400 jobs.

- Type: Investment
- Announced: 2021-08-18
- Where: Sanmen, Zhejiang, China
- Value: $123.0M (800.0M CNY)
- Jobs: 400
- Status: announced
- Capacity: 1,000 units per year
- Products: engineering machinery
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Xiaxing Technology (Zhejiang) Co., Ltd.](https://endata.com/companies/57189.md)

## Sources

- [tz.zjol.com.cn](https://tz.zjol.com.cn/tzxw/202108/t20210819_22973831.shtml), 2021-08-19: "本次年产1000台工程机械设备制造项目拟用地170亩，总投资为8亿元，项目建成投产后第二年预计可实现销售收入5亿元，年纳税2777万元，可解决就业人员400人。"

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