# Novares opens new injection molding plant in Pinghu, China

Novares (Noveastern) held the opening ceremony for a new injection molding plant in Pinghu, Zhejiang, China on April 18, 2024. The company invested CNY 110 million in the facility, which will serve automotive customers including SAIC-GM, Ford, Bosch, and BMW.

- Type: New facility
- Announced: 2024-04-18
- Where: Pinghu, Zhejiang, China
- Value: $15.2M (110.0M CNY)
- Jobs: 250
- Starts operating: 18 Apr 2024
- Status: completed
- Capacity: 11,683 m², 26 injection molding machines
- Products: plastic injection molded automotive interior parts
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Novares](https://endata.com/companies/26886.md)

## Sources

- [noveastern.com](https://www.noveastern.com/noveastern_inauguration_pinghu/), 2024-04-18: "诺瓦瑞斯投资了1.1亿元人民币建立新的注塑工厂"
- [novaresteam.com](https://www.novaresteam.com/novares_pinghu_inauguration/), 2024-04-18: "The inauguration took place on April 18, 2024, after the decision to move the industrial activities from Kangqiao (Shanghai) to Pinghu (Zhejiang)."

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