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Neway CNC Equipment started construction of its Phase 4 factory in Suzhou, China, with an investment of CNY 750 million. The project is expected to increase annual output value to CNY 3.5 billion.
“纽威数控装备四期工厂的开工建设,标志着纽威数控向高端智能数控装备及核心功能部件产业化迈出了重要一步。”newaycnc.com
Summarized from public sources; check the original articles before acting on it.