# CMZ expands machining plant in Elorrio with €8M investment

CMZ, a European CNC lathe manufacturer, has expanded its machining plant in Elorrio, Vizcaya, with an investment of about €8 million. The new Precitor facility, operational at full capacity in H2 2023, adds 2,000 m² of temperature-controlled space and aims to increase annual production to 850 machines.

- Type: Expansion
- Announced: 2023-09-12
- Where: Elorrio, Vizcaya, Spain
- Value: $8.60M (8.00M EUR)
- Starts operating: Q3 2023
- Status: under construction
- Capacity: 850 machines per year (target)
- Products: CNC lathes, cylindrical parts
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [CMZ](https://endata.com/companies/19443.md)

## Sources

- [metalesymaquinas.com](https://www.metalesymaquinas.com/texto-diario/mostrar/4434154/cmz-amplia-planta-mecanizado-elorrio-vizcaya), 2023-09-12: "CMZ, fabricante europeo de tornos CNC, ha dado un paso adelante en su estrategia de crecimiento: la puesta en marcha de Nuevo Precitor."

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