Date: 2013-07-31

Qier Invests RMB 796.22m to Build Heavy-duty CNC Machine Tool Base

Qier Machine Tool Group, a Chinese leading machine tool manufacturer, announced its high-end national heavy-duty CNC machine tool industrialization technological restructuring project recently started construction.

With a total investment of RMB 796.22 million, the project involves an area of 40,334 square meters and will add 170 units of equipment to the company's existing facilites.

Upon completion, the company's annual output may increase by 250 units of high-end CNC machine tools, and 280 units of core functional components. A sales revenue of RMB 1,544.3 million is also expected.

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