# 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.

- Type: Investment
- Announced: 2023-12-19
- Where: Jiaxing Nanhu High-tech Industrial Park, Zhejiang, China
- Value: $70.0M (500.0M CNY)
- Status: announced
- Products: variable-frequency drives, servo motors
- Sectors: [Automation and Robotics](https://endata.com/sectors/automation-robotics.md)

## Companies

- [Fujian RuiNeng Technology](https://endata.com/companies/74498.md)

## Sources

- [paper.cnstock.com](https://paper.cnstock.com/html/2023-12/19/content_1855677.htm), 2023-12-19: "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。"

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