Sunward Intelligent Equipment Group

Sunward Intelligent (山河智能) signed a contract to invest 500 million yuan (approx. $78 million) to build a manufacturing base for precision parts and high-end hydraulic cylinders in Yiyang, Hunan, China. The project will be built in two phases.

Sunward Intelligent is building a high-end engineering machinery R&D and industrialization project at its Sunward Industrial City in Changsha, with a total investment of CNY 1.02 billion. The project includes a hydraulic excavator production workshop, shield machine assembly workshop, and engineering vehicle assembly workshop, expected to be completed by June 2018.