# Neway CNC starts construction of Phase 4 factory in Suzhou, China

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.

- Type: Expansion
- Announced: 2024-01-12
- Where: Suzhou, Jiangsu, China, China
- Value: $104.0M (750.0M CNY)
- Status: under construction
- Products: CNC machine tools, intelligent production lines
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Neway CNC Equipment](https://endata.com/companies/74933.md)

## Sources

- [newaycnc.com](https://www.newaycnc.com/show-311-18-1.html), 2024-01-12: "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。"

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