# Qinchuan Machine Tool plans 1 billion yuan high-end machine tool innovation base

Qinchuan Machine Tool announced plans to invest about 1 billion yuan to build the Qinchuangyuan Qinchuan Group high-end industrial machine tool innovation base project in Xixian New Area.

- Type: New facility
- Announced: 2021-11-08
- Where: Xixian New Area, China
- Value: $156.0M (1.00B CNY)
- Status: announced
- Products: high-end industrial machine tools
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Qinchuan Machine Tool Group Co., Ltd.](https://endata.com/companies/14943.md)

## Sources

- [equalocean.com](https://equalocean.com/briefing/20211108230093691), 2021-11-08: "Qinchuan machine tool announced that it plans to invest in the construction of qinchuangyuan Qinchuan group high-end industrial machine tool innovation base project in Xixian new area, with a total planned investment of about 1 billion yuan."

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