Weir opens new $60M foundry in Xuzhou, China

The Weir Group officially opened a new foundry in Xuzhou, China, representing a $60 million investment. The facility expands capacity for manufacturing ESCO ground engaging tools by over 30% and replaces an existing nearby foundry.

“The opening of our new foundry in Xuzhou is a significant strategic milestone for Weir.”stockopedia.com

• 1 source
• stockopedia.comWEIR | Weir opens new foundry in ChinaMay 25, 2023

Summarized from public sources; check the original articles before acting on it.