# SW Germany to invest CNY 100M in Chongqing plant upgrade

SW Germany will invest 100 million yuan to upgrade its Chongqing plant in the coming 3-5 years.

- Type: Expansion
- Announced: 2023-11-23
- Where: Chongqing, China
- Value: $13.7M (100.0M CNY)
- 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.