# 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.

- Type: New facility
- Announced: 2023-05-25
- Where: Xuzhou, China, China
- Value: $60.0M
- Starts operating: 13 Mar 2024
- Status: completed
- Capacity: over 30% increase in foundry capacity in China
- Products: ground engaging tools (GET)
- Sectors: [Mining Equipment](https://endata.com/sectors/mining-equipment.md), [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [Weir Group](https://endata.com/companies/797.md)

## Sources

- [stockopedia.com](https://www.stockopedia.com/share-prices/weir-LON:WEIR/news/rcs-weir-group-plc-weir-opens-new-foundry-in-china-urn:newsml:reuters.com:20240313:nRSM6985Ga/), 2023-05-25: "The opening of our new foundry in Xuzhou is a significant strategic milestone for Weir."

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