# Gangtian Intelligent starts Phase 3 of CNC machine tool components plant in Danyang

Gangtian Intelligent held a groundbreaking ceremony for Phase 3 of its high-end CNC machine tool core functional components project in Danyang, Jiangsu. The phase involves a 1.5 billion yuan investment, 51.4 mu of new land, and 90,000 sqm of new buildings for producing spindles and ATC products.

- Type: Expansion
- Announced: 2024-02-29
- Where: Danyang, Jiangsu, China
- Value: $208.5M (1.50B CNY)
- Jobs: 200
- Status: under construction
- Capacity: 30,000 spindles/year, 80,000 ATC products/year
- Products: CNC machine tool spindles, ATC products
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Gangtian Intelligent](https://endata.com/companies/75981.md)

## Sources

- [cncjcj.com](https://www.cncjcj.com/news/show-2940.html), 2024-03-01: "三期项目达产后，预计年产各类主轴3万余支、ATC产品8万余台，新增就业岗位200余人"

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