On May 20th, Hangcha Group held a grand groundbreaking ceremony at Hengfan Technology Park for the "Hangcha Technology Park Phase IV Intelligent Production Base," set to produce ten thousand units of automation equipment annually.
Groundbreaking Ceremony for Phase IV of Hangcha Technology Park
This new project by Zhejiang Hangcha Intelligent Technology Co., Ltd. involves a 1.02 billion yuan (estimated $ 143 million) investment to construct a 133,000 square meter plant.
It aims to annually produce 10,000 AGVs (AMRs), 1,000 stacker cranes, and 100,000 meters of conveyor lines. Expected to be operational by the end of 2025, it will generate an estimated 1.03 billion yuan (estimated $ 145 million) in annual revenue.
Project Renderings
Ren Haihua, Chairman of Hangcha Intelligent, noted that "since 2012, Hangcha Intelligent has provided comprehensive intelligent logistics solutions to numerous renowned domestic and international enterprises. We are confident in this project and believe that Hangcha Intelligent will become a globally competitive world-class enterprise".
