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Jiangsu Railteco Equipment Co commenced construction of an intelligent production base for rail transit core components in Zhangjiagang, Jiangsu province. The project involves a total investment of 500 million yuan ($69.04 million) and will have an annual capacity of 200,000 units.
“The project involves a total investment of 500 million yuan ($69.04 million) and aims to establish 10 intelligent production lines dedicated to manufacturing core components for the rail transit sector.”jiangsu.chinadaily.com.cn
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