# Weida Heavy Industry invests $188M in high-precision five-axis machine tool project

Weida Heavy Industry is investing 12 billion yuan in a high-precision five-axis machine tool industrialization project in Tengzhou, Shandong. Phase 1 is complete, phase 2 has started, and full production is expected by July 2022.

- Type: Expansion
- Announced: 2021-11-11
- Where: Tengzhou, Shandong, China
- Value: $188.0M (1.20B CNY)
- Starts operating: Jul 2022
- Status: under construction
- Products: five-axis bridge-type high-speed gantry machining center, universal milling heads, tool magazines
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Weida Heavy Industry](https://endata.com/companies/58919.md)

## Sources

- [zaozhuang.iqilu.com](https://zaozhuang.iqilu.com/zzyaowen/2021/1111/4996494.shtml), 2021-11-11: "项目总投资12亿元，目前项目一期完工，二期已经启动，预计2022年7月建成投产"

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