# Hongda High-Tech plans $20B investment in industrial upgrade projects in Haining, China

Hongda High-Tech (002144) announced a plan to invest approximately 20 billion yuan in two modules: upgrading existing facilities into smart factories for automotive interior fabrics, functional apparel fabrics, and carbon fiber composites, and building a new smart factory and commercial complex on 90 mu of land in Haining, Zhejiang.

- Type: Investment
- Announced: 2024-12-06
- Where: Haining, Zhejiang Province, China
- Value: $2.75B (20.0B CNY)
- Status: announced
- Products: automotive interior fabrics, functional apparel fabrics, home textiles, carbon fiber composites
- Sectors: [Industrial Textiles](https://endata.com/sectors/industrial-textiles.md), [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Hongda High-Tech](https://endata.com/companies/81591.md)

## Sources

- [finance.ifeng.com](https://finance.ifeng.com/c/8f67GNx9Ume), 2024-12-06: "宏达高科(002144)12月6日晚间公告，公司与海宁市许村镇人民政府拟签订《宏达高科产业化升级项目投资协议书》，项目分两个建设模块...本项目总投资约20亿元。"

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