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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.
| Site | Largest | Latest |
|---|---|---|
| Anhui, China | $2.78M | 2021-03-01 |
| Ma'anshan, China | $13.5M | 2019-08-01 |