# Ouke to build 749M yuan CNC tool industrial park in Zhuzhou

Ouke's subsidiary Zhuzhou Ouke Cutting Tools plans to invest 748.9 million yuan to build a CNC tool industrial park in Zhuzhou High-tech Industrial Development Zone, including production lines for high-performance rods, carbide tools, CNC tooling, cermet inserts and cermet saw blades.

- Type: New facility
- Announced: 2021-11-23
- Where: Zhuzhou, Hunan, China
- Value: $117.0M (748.9M CNY)
- Status: announced
- Capacity: 1000 tons of high-performance rods, 3 million carbide tools, 200,000 CNC tooling, 5 million cermet inserts, 10 tons of cermet saw blades per year
- Products: CNC tools, carbide tools, cermet inserts
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Ouke](https://endata.com/companies/59193.md)
- [Zhuzhou Ouke Cutting Tools](https://endata.com/companies/59194.md)

## Sources

- [zhitongcaijing.com](https://www.zhitongcaijing.com/content/detail/607723.html), 2021-11-23: "为了进一步提升公司数控刀具的产能，完善数控刀具产品系列，加快高端刀具和整体解决方案的开发"

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