Date: 2013-07-31

Jiangsu Dibang: Speeded Up Technological Reformation & Sales Income Increased Rapidly

Up to the end of February, the sales income of Jiangsu Dibang Sanxing Bearing Co., Ltd. and Changzhou Dibang Textile Co. Ltd. has reached 180 million RMB, which increased 100% on a year-on-year basis. Tang Guogang, the Director of the Board who manages the two companies suggested in 2010 the growth range on the aspect of bearings will exceed 60% to 70% and the sales will be more than 300 million RMB; on the aspect of textile, the sales will increased from 15% to 50% and reach 400 million to 450 million RMB.

In 2008, the global financial crisis has influenced the company but also brought the change in operation mechanism of the company, which made the company stress the human resource and technological reformation. Dibang Sanxing Company has attached importance to the improvement of product quality, speeded up the industrial upgrade and technology progress, and pay attention to the environment protection, energy saving and emission reduction.

On the aspect of technological reformation, the company has invested 30 million RMB in bearing production and 20 million RMB in textile. This year, they will invest 20 million RMB and 15 million RMB separately to improve the performance of equipments and reduce the labor intensity of the staff.

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