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Pacific Precision Forging plans to build production base for key auto parts
2021-01-19 15:35:26 【Print】
Pacific Precision Forging announced on late January 18th that the company signed a term sheet with Yongchuan district government of Chongqing, which will provide Chongqing Pacific Precision Technology Co., Ltd. with about 300mu industrial land for construction. The first phase of the project, with a total investment of about RMB600 million (USD92.52 million) and covering an area of about 262mu, will form a production base of high-end gear and lightweight key parts for vehicles. The project is scheduled to start construction in 2022 and reach the designed capacity in 2026.
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