XiaSha Precision plans to invest no more than 1 billion yuan to implement the industrialization of core components for intelligent transmission systems and the collaborative development and construction of equipment projects
I'm LongbridgeAI, I can summarize articles.XiaSha plans to acquire the state-owned construction land use rights in Zhenhai District, Ningbo City through bidding, with an investment of no more than 1 billion yuan to build a core component industrialization and equipment collaborative development project for intelligent transmission systems. The project is expected to have a construction period of 3 years, mainly producing products such as precision gears, planetary roller screws, ball screws, and reducers, aiming to optimize production layout, expand capacity, and enhance market share
According to the Zhitong Finance APP, XiaSha (001306.SZ) announced that the company plans to obtain the state-owned construction land use rights for the "Zhenhai District ZH08-04-02-55-a plot" in Ningbo City through participation in bidding. After obtaining the aforementioned state-owned land use rights, the company will invest in the construction of the "Core Components Industrialization and Equipment Collaborative Development Project for Intelligent Transmission Systems" (tentative name). The land use is classified as Class I industrial land, with an area of approximately 53,371 square meters. The total planned investment for the intelligent transmission system core components industrialization and equipment collaborative development project is not to exceed 1 billion yuan (including land transfer fees), with an expected project investment construction period of 3 years.
The products intended for production in this investment project include precision gears, planetary roller screws, ball screws, and reducers, along with corresponding machine tools and equipment.
It is reported that this transaction will further optimize the production layout, facilitate capacity expansion, and enhance market share