# Qinchuan Machine Tool to invest 1 billion yuan in high-end machine tool innovation base in Xi'an

Qinchuan Machine Tool (000837.SZ) signed an investment agreement with the Shaanxi Xixian New Area Development and Management Committee to build a high-end industrial machine tool innovation base project in Xixian New Area, with a total planned investment of approximately 1 billion yuan (CNY 1,000,000,000). The project will cover about 221 mu of land and focus on R&D and production of high-end five-axis machining centers, high-end general CNC systems, precision measuring instruments, smart machine tools, and digital manufacturing centers.

- Type: Investment
- Announced: 2021-11-08
- Where: Xixian New Area, Shaanxi, China
- Value: $156.0M (1.00B CNY)
- Status: announced
- Products: high-end five-axis machining centers, high-end general CNC systems, precision measuring instruments, smart machine tools, digital manufacturing centers
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

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

## Sources

- [beta.zhitongcaijing.com](http://beta.zhitongcaijing.com/content/detail/596360.html), 2021-11-08: "将在西咸新区投资建设集科技研发、成果转化和产业化于一体的高档工业母机创新基地项目，计划投资总额约为10亿元人民币"

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