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Date: 2013-10-14

C&U Group Intends to Build Heavy Machinery Bearing Project with Investment of RMB 370 Million

It was learned from Investment Promotion Bureau of Xialu District that C&U Group planned to invest RMB 370 million to construct the heavy machinery bearing project with annual output of 2 million pieces. After the project is put into production, Xialu district will become the largest precision bearing production base in the central area.

The project is located in Xialu district, covering an area of 120 mu. At the same time, a provincial spherical roller bearing technology center is also built for supporting this project. After the project is completely built, it is predicted to achieve annual total output value of RMB 400 million, revenue of RMB 30 million and provide jobs for 400 people.


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