Tsugami China

Tsugami China announced that construction of its Anhui factory is complete and production is expected to begin on or around March 1, 2021. The local government has granted subsidies totaling RMB 18 million, of which RMB 14.5 million has been received.

Tsugami China's subsidiary Anhui Tsugami Precision Machinery signed a second-phase construction agreement worth 95.18 million yuan for its Anhui factory in Ma'anshan, China, to expand capacity for CNC precision machine tools. The factory is expected to be completed and operational by 2021.

Tsugami China plans to invest ¥200 million to build a new factory in Ma'anshan, Anhui, to produce metal castings and CNC precision machine tools. The factory will have an annual capacity of 18,000 tons of metal castings and 1,200 CNC machine tools, with production expected to start in 2020.