Hefei government and China Railway Construction Heavy Industry Co., Ltd. inked cooperative agreement, building high-end equipment production base making shield tunneling machines and heading machines locally. As agreed, four companies including China Railway Construction Heavy Industry and Anhui Heli Co., Ltd. will jointly set up local subsidiary with a total investment of CNY 1 billion, used for purchasing industrial lands and building high-end equipment production base. The project has two phases, with the first phase able to make 200,000 heading machines and other high-end equipment per year within one year.
China Railway Construction Heavy Industry Corporation Limited
Equities
688425
CNE100005121
Heavy Machinery & Vehicles
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