 Mitsubishi to build a factory at the Dalian Economic and Technological Development Area |
Japanese machinery manufacturer Mitsubishi Heavy Industries has broken ground at its new forklift manufacturing factory in Dalian, China.
Mitsubishi is investing USD49.5 million in the construction of a 100,000 sq m factory to manufacture forklifts initially for the Chinese market. In 2010, the factory will export to Russia and south-east Asia and eventually to the US and the Netherlands.
The factory is being built in the Dalian Economic and Technological Development Area and will be completed in November 2009.
Initially, more than 300 forklifts will be manufactured at the plant with annual production capacity to reach 7,000 units in 2012.