# Zhongli Machinery builds central-western forklift production base in Laohekou

Zhongli Machinery Co., Ltd. invested 600 million yuan to build a central-western China forklift production base in Laohekou, Hubei. Phase 1 started production in February 2023, and the full project is expected to achieve over 5 billion yuan in output value.

- Type: New facility
- Announced: 2023-07-07
- Where: Laohekou, Hubei, China
- Value: $83.0M (600.0M CNY)
- Starts operating: Feb 2023
- Status: under construction
- Capacity: over 5 billion yuan in output value
- Products: electric counterbalanced forklifts
- Sectors: [Material Handling](https://endata.com/sectors/material-handling.md)

## Companies

- [Zhongli Machinery](https://endata.com/companies/71295.md)

## Sources

- [news.cjn.cn](http://news.cjn.cn/hbpd_19912/jj_19921/202307/t4613434.htm), 2023-07-07: "中力机械打造中西部叉车生产基地"

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