RuiNeng Technology plans $70M industrial automation plant in Jiaxing

Fujian RuiNeng Technology Co., Ltd. signed an investment agreement to build an industrial automation production base in Jiaxing Nanhu High-tech Industrial Park, China. The project involves a total investment of RMB 500 million ($70 million) and will produce variable-frequency drives and servo motors.

“本次在嘉兴南湖产业园建设工业自动化生产基地，是考虑产业园主导产业与公司现有工业自动化业务相互契合，符合国家及当地政府的相关政策和公司的战略发展规划，对公司具有积极的战略意义。”paper.cnstock.com

• 1 source
• paper.cnstock.com福建睿能科技股份有限公司关于签订《工业自动化生产项目投资协议书》的意向性公告|上海证券报Dec 19, 2023

Summarized from public sources; check the original articles before acting on it.