Xuzhou XCMG Foundation Engineering Machinery Co., Ltd. has invested 500,000 billion yuan to build the Xuzhou XCMG Foundation Engineering Machinery Intelligent Manufacturing Base Project (Phase I and Phase II) in Qingshanquan Town, Jiawang District, Xuzhou City. The project will build a new factory building of 409,486.21 square meters. The main processes include cutting, welding, machining, spraying, drying, etc. After its completion and operation, it can form an annual production capacity of 3,500 pile driving machinery products, 3,500 trenchless machinery products, 1,500 mine and tunnel machinery products, and 1,500 energy drilling machinery products. I process 1,200 tons of steel beams and columns for the company.