Date: 2013-07-31

Fujian Longxi Bearing (Group) Corp., Ltd to Invest CNY 2 Billion in a Machinery Manufacturing Project

On March 16th, it is known from Hua'an County Committee Office of Fujian that Fujian Longxi Bearing (Group) Corp., Ltd is to invest 20 billion yuan in a machinery manufacturing project.

Located in Jiulong industrial park of Hua'an Economic Development Zone with an area of 1,100 acres, the project will be mainly used for producing high-end mechanical parts, and building R & D, manufacturing and sales bases for bearing, auto parts and other mechanical parts.

It will creat the output of CNY 3 billion, and tax revenue of CNY 120 million after the project goes into operation.

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