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Zhejiang Huaye: Plans to invest 1.094 billion yuan to build the second phase of the Mu'ao production base project
People’s Financial News, March 22 — Zhejiang Huaye (301616) announced on March 22 that, according to the company’s strategic development plan, it intends to invest in the construction of the Mu’ao Production Base Project. The total investment for the Mu’ao Production Base Project is 1.492 billion yuan, divided into the approved Phase I production base construction project and the planned Phase II Mu’ao Production Base Project. The Phase II project plans a total investment of 1.094 billion yuan. By building a digital factory for screw machines, establishing an efficient and flexible production line, and enhancing the production capacity of screws, barrels, and collet chucks, the project aims to break through capacity bottlenecks.