AsiaNet 88365

CHANGZHOU, China, March 5, 2021 /PRNewswire=KYODO JBN/ --

-The Swedish firm is a world leader in the mining and engineering machine

manufacturing sector

Sandvik Group, one of the world's leading mining engineering machine

manufacturers, is investing USD 15 million to build a new manufacturing

facility in Menghe Town, Changzhou National Hi-Tech District, marking an

auspicious start for the district's "Year of Major Projects Breakthrough"

campaign.

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Sandvik Group, founded in 1862, is a global high-tech engineering group based

in Sweden, with businesses encompassing mining and rock excavation, metal

cutting and material technology, among others. The group's annual sales

amounted to approximately 100 billion Swedish kronor.

Due to the strict specifications stipulated for the manufacturing processes,

Sandvik required a floor with a load capacity of 30 tons and a

6,000-square-meter testing area outside the plant when selecting the location.

To meet this requirement, the Commerce Bureau of Changzhou National High-Tech

Zone spent nearly a year looking for a suitable location and finally found the

ideal location in Menghe Town. The new factory is expected to be ready for

trial production in May and reach its designed capacity in the second half of

the year.

Relying on Changzhou's strong support capabilities for the machinery industry,

Changzhou National High-Tech District has attracted many known and lesser known

market leaders from Northern Europe, including Epiroc, Husqvarna, Habia Cable,

Disa and Dinex, each of whom have made investments here. Nordic companies have

initiated a clustering effect in the district. In addition, several foreign

engineering machinery giants, as among them, Terex from the United States,

Bomag from Germany, Haulotte from France, Komatsu from Japan and Hyundai from

South Korea, have set up operations in the district, forming a complete

engineering machinery industry chain.

Related link: http://cznd.changzhou.gov.cn/

About Changzhou National Hi-Tech District (CND)

Changzhou National Hi-Tech District (CND) is located in the heart of the

Yangtze River Delta. There are more than 1,600 foreign-invested companies in

CND. Recently, CND is accelerating the development pace and intensifying the

efforts on construction of an industrial base, making 2 pillar businesses:

equipment manufacturing (precision machinery) and new materials bigger and

stronger. The emerging industries consist of new generation of information

technology, biomedical, new energy vehicle, photovoltaic and aviation.

SOURCE: Changzhou National Hi-Tech District