# Inovance Technology to invest up to 1.65B yuan in Nanjing production base

Inovance Technology plans to invest up to 1.65 billion yuan to build a production, R&D and office base in Nanjing, China, for ball screws and industrial robots. Construction is expected to start in June 2022 and take about 13 months.

- Type: Expansion
- Announced: 2022-03-16
- Where: Nanjing, Jiangsu, China, China
- Value: $260.0M (1.65B CNY)
- Starts operating: Jul 2023
- Status: announced
- Products: ball screws, industrial robots
- Sectors: [Automation and Robotics](https://endata.com/sectors/automation-robotics.md), [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Inovance Technology](https://endata.com/companies/56604.md)

## Sources

- [beta.zhitongcaijing.com](http://beta.zhitongcaijing.com/content/detail/682329.html), 2022-03-16: "该项目总投资不超过16.5亿元，其中购买土地及房屋建(构)筑物6.89亿元(含契税);项目建设及铺底流动资金合计9.61亿元。"

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