# Ouke to invest CNY 749M in CNC tool industrial park in Zhuzhou

Ouke (Oukei) plans to invest CNY 748.9 million through its subsidiary Zhuzhou Oukei Cutting Tools to build a CNC tool industrial park in Zhuzhou High-tech Industrial Development Zone. The project will produce 1,000 tonnes of high-performance rods, 3 million solid carbide tools, 200,000 CNC tools, 5 million cermet inserts and 10 tonnes of cermet saw teeth annually.

- Type: Expansion
- Announced: 2021-11-23
- Where: Zhuzhou, Hunan, China
- Value: $117.0M (748.9M CNY)
- Status: announced
- Capacity: 1,000 tonnes of high-performance rods, 3 million solid carbide tools, 200,000 CNC tools, 5 million cermet inserts, 10 tonnes of cermet saw teeth per year
- Products: CNC tools, solid carbide tools, cermet inserts, high-performance rods
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Ouke](https://endata.com/companies/59193.md)
- [Zhuzhou Oukei Cutting Tools](https://endata.com/companies/59200.md)

## Sources

- [beta.zhitongcaijing.com](http://beta.zhitongcaijing.com/content/detail/607723.html), 2021-11-23: "公司计划投资7.489亿元，建设数控刀具产业园，包括新建研发办公楼，建设年产1000吨高性能棒材、300万支整体硬质合金刀具、20万套数控刀具、500万片金属陶瓷刀片及10吨金属陶瓷锯齿的生产线。"

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