Douson Drilling plans $146M expansion of industrial gear capacity in Nantong

Douson Drilling and Production Equipment plans to invest CNY 1 billion (USD 146 million) to build a new plant in Nantong, China, through its unit Kota Technology, to increase capacity for industrial equipment including tool kits for lithium battery copper foils. Construction to finish within 18 months of land acquisition, with operation starting six months after.

“Douson Drilling and Production Equipment said the Chinese firm plans to invest CNY1 billion (USD146 million) raising its capacity to produce industrial equipment, including tool kits for making lithium battery copper foils.”yicaiglobal.com

• 1 source
• yicaiglobal.comChina’s Douson Unveils USD146 Million Plan to Expand Industrial Gear CapacityTang ShihuaMar 17, 2023

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