# Chuang Century plans $200M CNC machine tool base in Huzhou

Chuang Century (300083.SZ) announced plans to raise up to 1.3 billion yuan to build a high-end CNC machine tool manufacturing base and R&D project in Changxing County, Huzhou, Zhejiang. The company also signed a strategic cooperation agreement with the National Manufacturing Fund.

- Type: Investment
- Announced: 2021-10-08
- Where: Changxing County, Huzhou, Zhejiang, China
- Value: $202.0M (1.30B CNY)
- Status: announced
- Products: high-end CNC machine tools
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Chuang Century](https://endata.com/companies/58533.md)
- [National Manufacturing Transformation and Upgrading Fund](https://endata.com/companies/58534.md) (investor)

## Sources

- [beta.zhitongcaijing.com](http://beta.zhitongcaijing.com/content/detail/577317.html), 2021-10-19: "配套募集不超过13亿元资金，在浙江省湖州市长兴县投资建设高端数控机床制造产业化生产基地项目"

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