# Estun Automation to invest CNY 1.2 billion in Gaochun industrial project in Nanjing

Estun Automation announced on June 13, 2022, plans to establish a wholly-owned subsidiary and invest CNY 1.2 billion (including CNY 700 million in fixed assets) to build an industrial project in Gaochun District, Nanjing, Jiangsu Province. The project will serve as a global R&D and manufacturing base for automation core components and industrial robots.

- Type: Investment
- Announced: 2022-06-13
- Where: Gaochun District, Nanjing, Jiangsu, China
- Value: $178.0M (1.20B CNY)
- Status: announced
- Products: automation core components, industrial robots, intelligent manufacturing equipment
- Sectors: [Automation and Robotics](https://endata.com/sectors/automation-robotics.md), [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Estun Automation](https://endata.com/companies/16775.md)

## Sources

- [beta.zhitongcaijing.com](http://beta.zhitongcaijing.com/content/detail/737982.html), 2022-06-13: "公司拟设立全资子公司并使用自有或自筹资金在江苏省南京市高淳区通过购买土地用于投资建设高淳产业项目，项目投资金额预计为12亿元。"

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