# Schuler Group and Yangduan sign heavy forging equipment manufacturing project in Yangzhou

Yangzhou Forging Machine Tool Co., Ltd. signed a heavy forging equipment manufacturing project with Schuler Group. The project, located in Yangzhou High-tech Zone, involves a total investment of about CNY 500 million and will produce stamping and forging equipment. Upon completion, it is expected to generate annual sales of over CNY 1 billion.

- Type: Investment
- Announced: 2024-08-15
- Where: Yangzhou High-tech Zone, Jiangsu, China
- Value: $70.0M (500.0M CNY)
- Status: announced
- Products: stamping and forging equipment
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Schuler Group](https://endata.com/companies/16758.md)
- [Yangzhou Forging Machine Tool Co., Ltd.](https://endata.com/companies/79225.md)

## Sources

- [news.cjn.cn](http://news.cjn.cn/zjjjdpd/yz/202408/t4970308.htm), 2024-08-16: "此次签约的重型锻压设备制造项目位于扬州高新区，项目总投资约5亿元，专业生产冲压及锻造设备。"

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