# DMG MORI breaks ground on new machine tool plant in Pinghu, China

DMG MORI held a groundbreaking ceremony for a new factory in Pinghu, China, with an investment of $105 million, to produce 5-axis milling centers, with production starting in early 2023.

- Type: New facility
- Announced: 2022-07-11
- Where: Pinghu, Zhejiang, China, China
- Value: $105.0M
- Starts operating: 2023
- Status: under construction
- Capacity: 2200 machine tools per year
- Products: 5-axis milling centers
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [DMG MORI](https://endata.com/companies/7538.md)

## Sources

- [51jichuang.com](http://www.51jichuang.com/news/detailnew.aspx?id=105), 2022-07-11: "德马吉森精机制造技术（平湖）有限公司举行奠基仪式"

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