Date: 2013-07-31

Bearing Industry Cluster Headed by Xiangyang Automobile Bearing has gained the Support from Hubei Provincial Government

Recently, the Provincial Commission for Economic and Trade and the Provincial Financial Department in Hubei has jointly issued document and announced the list of 60 important enterprises of growing industry cluster in the province in 2009 which were evaluated by experts and approved by provincial government. The bearing industry cluster headed by Xiangyang Automobile Bearing Company has reported as the new member. The bearing industry cluster has been listed as the growing industry clusters which the provincial government will specially support. It wins the opportunity for the traditional industry of Hubei Province to upgrade and develop fast.

At present, there are 5 industries clusters being listed in Xiangfan, which will receive the capital award for the development of industry cluster from the Hubei Provincial Government. The award may cost hundreds of millions RMB.

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