# Yitong New Materials to build green energy equipment factory in Hangzhou

Yitong New Materials will spend CNY768 million to build a green energy equipment factory in Hangzhou, producing 20,000 units of main bearings for wind turbines and hydroelectric plants per year. The project is expected to be ready in 24 months.

- Type: New facility
- Announced: 2022-01-28
- Where: Hangzhou, China
- Value: $120.8M (768.0M CNY)
- Starts operating: Jan 2024
- Status: announced
- Capacity: 20,000 units per year
- Products: main bearings for wind turbines and hydroelectric plants
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [Yitong New Materials](https://endata.com/companies/60663.md)

## Sources

- [yicaiglobal.com](https://www.yicaiglobal.com/news/china-yitong-surges-on-usd1208-million-plan-to-quadruple-net-profit-), 2022-01-28: "The maker of alloy materials will produce 20,000 units of main bearings for wind turbines and hydroelectric power plants, as well as other renewable energy equipment in the new factory per year."

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