E Mark (China) Foundation For High-End CNC Machine Tools

In December 1st, the first stage project of high-end CNC machine tool of China (Jiangsu) Machinery Co., Ltd. was officially established in the Jintan economic development zone.

After the completion of the industrial project, which is included in the Changzhou pformation and innovation "510" action plan, the annual sales volume of 3000 high-end CNC machine tools and related components will exceed 10 billion yuan annually, which is expected to become famous at home and abroad.

It is reported that the total investment of Jinsheng's e mark project is 4 billion 900 million yuan, of which the total investment is 3 billion 80 million yuan, the construction area is 190 thousand square meters, the key is to introduce the German technology and production equipment, and the two phase of the implementation of high-precision gear and high-speed train wheelset system.

It is estimated that within 5 years after the commissioning of the project, sales will exceed 10 billion yuan, and profits and taxes will exceed 1 billion 500 million yuan.

Pan Xueping, chairman of Jinsheng industrial Limited by Share Ltd company, said that in 2010, Jinsheng spent 100 million euros to acquire 50% of the shares of the EAC group, creating a single highest stake in the acquisition of private enterprises in Jiangsu.