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EMAG (China) Machinery Co., Ltd. held a groundbreaking ceremony for the first phase of its high-end CNC machine tool project in Jintan Economic Development Zone, Jiangsu province, on December 1, 2018. The total investment is 4.9 billion yuan, with phase one investment of 3.08 billion yuan, and will produce 3,000 high-end CNC machine tools annually with expected annual sales over 10 billion yuan.