Date: 2016-06-17

Linqing SME Bureau investigated industrial operation of bearing enterprises

On Jun 2, Linqing SME Bureau organized special personnel to investigated some bearing enterprises and to know more about the bearing industrial operation. The director Li Guang and deputy director Li Hongfeng of Linqing SME Bureau participated in the investigation.

It was known from the investigation that the continued volatility in steel prices this year had a large impact on the bearing industry of Linqing. excessive price increase significantly squeezed enterprises’ profit margins and frequent price fluctuation took up too much enterprise liquidity, further exacerbating the enterprise’ financial burden.

Liguang also learned more about the enterprises’ current problems and difficulties and said SME Bureau would continue to do its utmost to help enterprises solve problems and difficulties.

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