# Shandong Weida, SJTU Zhibang, Ibarmia to build $15.2B CNC machine tool plant in Zaozhuang

Shandong Weida Heavy Industry, Shanghai Jiaotong University Zhibang Technology, and Spain's Ibarmia jointly invest 110 billion yuan to build an international high-end CNC five-axis machining center project in Zaozhuang, Shandong. The 447-mu facility will create 900 jobs and produce 85 billion yuan in annual output.

- Type: New facility
- Announced: 2023-09-12
- Where: Zaozhuang, Shandong, China
- Value: $15.1B (110.0B CNY)
- Jobs: 900
- Status: announced
- Products: five-axis CNC machining centers
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Shandong Weida Heavy Industry Co., Ltd.](https://endata.com/companies/66957.md)
- [IBARMIA](https://endata.com/companies/17120.md) (partner)
- [Shanghai Jiaotong University Zhibang Technology](https://endata.com/companies/72544.md) (partner)

## Sources

- [gxt.shandong.gov.cn](http://gxt.shandong.gov.cn/art/2023/9/12/art_15166_10335868.html), 2023-09-12: "国际高端数控机床五轴加工中心项目由山东威达重工股份有限公司、上海交大智邦科技有限公司、西班牙伊巴米亚共同出资兴建，项目占地447亩，总投资110亿元"

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