Shenyang Machine Tool: wholly-owned subsidiary to invest RMB57 million for upgrading and transformation project
2020-02-25 14:20:50 [Print]
Shenyang Machine Tool Co., Ltd. announced on February 24 that Shenyang Machine Tool Yinfeng Casting Co., Ltd., a wholly-owned subsidiary of the company, plans to technologically transform the cupola to an medium-frequency induction furnace. It plans to invest RMB57 million (USD8.12 million) to this upgrading and transformation project. The construction period for the project is ten months. When the transformation is completed, the production capacity of Shenyang Machine Tool Yinfeng Casting will reach 80,000t. At the same time, the production capacity of high-end castings, especially high-end ductile iron castings with strict requirements, will be greatly improved. The maximum unit weight of batch products can be increased from the current 8t to about 15t, and the maximum unit weight of single product can be increased to 25t.
