Date: 2013-07-31

HRB Signed Cooperation Agreement with Aviation Industry Corporation of China

In the morning on Apr. 29th, Aviation Industry Corporation of China (abbr. AVIC) and Harbin Municipal Government have held the agreement signing ceremony at Shangri-La Hotel in Harbin about the cooperation on establishing bearing industrial base, which indicated that the establishment of AVIC Harbin Bearing Co., Ltd (abbr. AVIC HRB) that Harbin Bearing Manufacturing Co., Ltd. (abbr. HRB) and AVIC have planed for almost three years to build up high end bearing industrial base in China has entered into the substantial period.

It is learned that Aviation Industry Corporation of China (abbr. AVIC) is the extra large central enterprise group managed directly by China State-owned Assets Supervision and Administration Commission of the State Council (abbr. SASAC), which manages 200 member enterprises with the staff of about 400,000. In 2009, AVIC has been selected as one of the Top 500 Enterprises in the world at the 426th place.

Harbin Bearing Manufacturing Co., Ltd.(abbr. HRB) is one of the first batch of backbone enterprises in machinery industry established during the First Five-Year Plan period in China. Since the establishment of the company for 60 years, HRB has created many

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