# SW Germany to invest €5M in third phase of Suzhou factory

SW Germany will invest an additional 5 million euros in the third phase of its Suzhou, Jiangsu factory over the next three years. The company also plans to invest 100 million yuan to upgrade its Chongqing plant over 3-5 years.

- Type: Expansion
- Announced: 2023-11-23
- Where: Suzhou, Jiangsu, China
- Value: $5.36M (5.00M EUR)
- Status: announced
- Products: machine tools
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Schwaebische Werkzeugmaschinen GmbH](https://endata.com/companies/37668.md)

## Sources

- [chinadaily.com.cn](https://www.chinadaily.com.cn/a/202311/23/WS655ebcc5a31090682a5efaf9.html), 2023-11-23: "We anticipate SW Asia's share in our global business to rebound to 40 percent by the end of this year — same as last year."

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