Date: 2013-07-31

Dalian Guangyang Bearing Invest in a New Factory in Linxi

Dalian Guangyang Bearing Manufacturing Co., Ltd has decided to build a new manufacturing site at Lixi County Sunshine Industrial Park, Linxi County. The investment amounts to approximately 280 million Yuan. The signing ceremony for this new project was held on June 1st.

Mr. Wayu, Standing Committee Member and Secretary General of Xingtai City and Mr. Ju Chaowu, Mayor Assistance and City Government Secretary General presented the signing ceremony.

It is reported this project will be completed and come into operation in three years. For this year, they plan to invest about 80 million Yuan and 100 million respectively for next two years. Since 2009, the production value of this factory will exceed 200 million and make it the largest bearing manufacturing company in Hebei Province. The establishment of this factory will fundamentally change the situation of bearing industry in Linxi County which features small scale and low level. Besides, it will fill many gaps in bearing manufacturing and drive the development of the whole bearing industry in this county.

At this signing ceremony, Mr. Mazhongyu, General Manager of Dalian Guangyang Bearing Manufacturing Co., Ltd introduced the company development situation and the new project--- Hebei Guangyang Bearing Manufacturing Co., Ltd. Ge Xingming, Lixi County Mayor, said that they would regard this project as the top priority of the whole work. They would offer great support in terms of policy, service and surroudings to ensure the project proceed smoothly.

Ju Chaowu expressed this congratulation to the inauguration of this new project. He hopes Lixi Government to redouble their efforts to attract more bids for invite investments. He believed Linxi bearing industry would experience further development based on mutual benefit and win-win, which would surely paly an important role in promoting the economic growth of the whole county.

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