# Nantong Zhenkang Machinery starts construction of CNY 1 billion precision RV reducer plant

Nantong Zhenkang Machinery began construction of a new precision RV reducer plant in Haimen, Jiangsu Province, China, on March 31, 2023. The CNY 1 billion project will add capacity of 100,000 units per year, with completion expected by August 2024.

- Type: Expansion
- Announced: 2023-04-23
- Where: Haimen, Jiangsu Province, China
- Value: $145.0M (1.00B CNY)
- Starts operating: Aug 2024
- Status: under construction
- Capacity: 100,000 precision RV reducers per year
- Products: precision RV reducers
- Sectors: [Automation and Robotics](https://endata.com/sectors/automation-robotics.md), [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Nantong Zhenkang Machinery](https://endata.com/companies/69879.md)

## Sources

- [chuandong.com](https://www.chuandong.com/news/news257589.html), 2023-04-23: "总投资10亿元的海门振康精密RV减速机项目是江苏省重大项目，3月31日...开工建设"

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