Zhejiang Huaye Plastics Machinery (301616.SZ) plans to implement the Mu'ao production base project (Phase II) to expand production capacity.

Zhejiang Huaye Plastics Machinery (301616.SZ) announced that the company plans to invest in the construction of the Mu'ao production base project. The total investment of the Mu'ao production base project is 1.492 billion yuan, divided into the approved production base construction project (Phase I) and the planned Mu'ao production base project (Phase II). The project to be implemented this time is the Mu'ao production base project (Phase II), which will expand the production base on the basis of the funds raised for the investment project construction. By purchasing advanced automated and intelligent equipment, an efficient and flexible production line will be built. The total planned investment for Phase II project is 1.094 billion yuan. The announcement shows that the Phase II project will build a digital factory for screw and barrel production, set up an efficient and flexible production line, enhance the production capacity of screws, barrels, and collet columns, break through production capacity bottlenecks, seize market development opportunities, and increase market share and market share.