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Date: 2013-07-31

Fuyang Bearing Major Technological Transformation Project Start Construction

On the morning of April 21, a large-size and high add-value bearings technological transformation project of Fuyang Bearing Co., Ltd. to start construction.

According to reports, Fuyang Bearing made the positive declaration for large-size and high add-value bearings technological transformation project in order to further develop capacity and improve ability to resist risks and to meet the matching demands of our large precision machines.

The total investment of this project is up to RMB 120 million. After it put into operation, the annual capacity will increase by 6.5 million sets, the production value will increase by RMB 300 million, and the annual profit payments and tax turnover will increase RMB 90 million.

The investment of first-stage construction will reach RMB 40.7 million within a 15 months construction period.


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