Date: 2013-07-31

A medium-to-high end CNC machine tool project of Jinan First Machine Tool Group settled in Zhangqiu

Mingshui Economic Development Zone formally signed a contract with Jinan First Machine Tool Group Co., Ltd. on November 8, which marked that the "Medium-to-high grade CNC machine tool project" of the latter has settled in Zhangqiu.

It is reported that Jinan First Machine Tool Group Co., Ltd. has planned a total investment of 12 billion yuan to this project (1 billion yuan as the fixed asset) for production of medium-to-high end CNC machine tools. It covers an area of ​​450 acres, including a total planned construction area of 240,000 square meters. The construction period is 36 months. The estimated annual sales income is 30 billion yuan, and the estimated annual tax is not less than 132.7 million yuan.

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