CX Precision Mechanical (India), a subsidiary of Chunxing Group Company based in China, is setting up a manufacturing facility in Sri City, a special economic zone (SEZ) at Tada in Andhra Pradesh.
The company will be investing Rs 100 crore in the project being developed in phased manner. The Phase I of the facility has already been established with an initial investment of Rs 40 crore, which is expected to commence production from October 2012. It will manufacture castings, CNC and stamping products for the telecom, automotive, electronics, medical and aviation Industries.