# TBEA Shandong Luneng to invest $140M in digital transformation of cable plant

TBEA's subsidiary Shandong Luneng Tai'an Cable Co. will invest 1.002 billion yuan ($140 million) in a digital transformation project at its existing cable plant. The project will add automation equipment and two continuous vulcanization lines to boost production of high-voltage and smart cables.

- Type: Investment
- Announced: 2022-10-28
- Where: China, China
- Value: $140.0M (1.00B CNY)
- Status: announced
- Products: high-voltage cables, smart cables, medium-voltage cables, low-voltage cables
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [Shandong Luneng Tai'an Cable Co.](https://endata.com/companies/66203.md)
- [TBEA](https://endata.com/companies/3835.md) (partner)

## Sources

- [beta.zhitongcaijing.com](http://beta.zhitongcaijing.com/content/detail/817534.html), 2022-10-28: "为了提高公司高压电线电缆、智能电线电缆等产品的生产规模和市场竞争力，提升公司自动化生产水平"

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