Mitsubishi Heavy to Open Machine Tools Plant Near Shanghai, Nikkei Reports

Mitsubishi Heavy Industries Ltd. will open a machine tool plant near Shanghai by the end of the year, the Nikkei newspaper reported today, without saying where it got the information.

The plant will produce tools used in making cars and may cost as much 1 billion yen ($10.6 million), the report said.

To contact the reporter on this story: Jason Clenfield in Tokyo at jclenfield@bloomberg.net

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