A new high-end machine tool plant – to be owned and operated by Jiangsu Xinsu Investment and Development Group and to cost $250 million – broke ground on March 11.
Designated as a major project in the region for 2024, the plant will be situated in the Taixing Huangqiao Economic Development Zone in Taixing city, in East China's Jiangsu province.
Its main product – a high-end centerless grinder – is independently designed and developed by the group's R&D center in Leipzig, Germany, to international specifications.
The groundbreaking ceremony takes place for the machine tool plant. [Photo/Taixing Huangqiao Economic Development Zone via WeChat gh_07a864197818]
The grinder is a key piece of equipment for producing core components in the aerospace sector, automotive manufacturing, electronics equipment manufacturing and observation instrument production.
When completed, the plant is expected to be a landmark facility in the high-end equipment manufacturing sector of the zone, greatly enhancing its reputation and even that of Taixing city.
Overall, the zone will focus on the integration of innovation, industry, capital and talent supply chains – in a bid to create a better service environment for the construction of projects.
A design rendering of the plant. [Photo/Taixing Huangqiao Economic Development Zone via WeChat gh_07a864197818]