Date: 2013-07-31

Huanyu Bearing Co., Ltd Achieved Output of 70 Million Yuan from January to August and Struggle to Realize 100 Million Yuan in 2010

Starting from this year, Zhejiang Huanyu Bearing Co., Ltd stabilized the foreign market, meanwhile actively developed the domestic market. And the total output value of the enterprise achieved 70 million yuan by the end of August, which was 1.75 times of last year's gross output (40 million yuan).

Due to the economic recovery in the second half of last year, the orders in Huanyu Bearing Co., Ltd significantly increased this year. The company have received large orders from Asia Pacific countries at present, the production plan is in the full-load operation until the end of October.

This year, besides consolidating the foreign markets, the company adjusted the marketing strategy, actively explored the domestic market. At the same time, the company also positively expanded the dealers in Hangzhou, Ningbo, Jiangxi Nanchang etc, the proportion of domestic products increased to 40% from the original 20%. Next, the company plans to directly cooperate with end users to increase the profit of the products.

Currently, the second phase of the new plants constructed in the last November have partly been put into use, and the company will introduce some new devices, advanced technology to achieve the target of 100 million yuan gross output in this year.

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