# AVIC Heavy Machinery to invest 462 million yuan in technology research institute

AVIC Heavy Machinery (600765.SH) announced plans to invest 462 million yuan to build a technology research institute on 80 mu of land, with 31,950 square meters of new buildings and 52 pieces of equipment, over 36 months.

- Type: Investment
- Announced: 2022-12-06
- Where: China
- Value: $66.0M (462.0M CNY)
- Status: announced
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [AVIC Heavy Machinery](https://endata.com/companies/67113.md)
- [Guiyang Andai Aerospace Materials Engineering Co., Ltd.](https://endata.com/companies/67114.md)

## Sources

- [beta.zhitongcaijing.com](http://beta.zhitongcaijing.com/content/detail/842778.html), 2022-12-06: "公司拟实施中航重机技术研究院建设项目，建设项目总投资4.62亿元，新征土地80亩，新增房屋建筑面积31950平方米，新增工艺设备52台/套，建设周期36个月。"

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