Date: 2013-07-31

Maanshan FangYuan Slewing Ring Co.,Ltd Will Establish JV Company

Maanshan FangYuan Slewing Ring Co.,Ltd announced that it had signed a joint venture agreement with Changsha Yate Slewing Bearings Manufacturing Co. Ltd on the establishment of Changsha Fangyuan Slewing Ring Co. Ltd. that will manufacture and sell slewing rings.

The joint venture will have registered capital of RMB 60 mln, in which Maanshan FangYuan Slewing Ring Co.,Ltd will invest RMB 36 mln in cash, accounting for 60%, and Changsha Yate will invest RMB 24 mln in assets, including plants, land use rights and equipment, accounting for 40%.

The joint venture is projected to produce 25,000 sets of slewing rings annually and to generate an annual sales revenue of RMB 175 mln, with annual profits of RMB 48 mln.

Previous: GAQS Announced 94.6% Quality Pass Rate of Rolling Bearings
Next: 2MKM95315 CNC Vertical Universal Grinder to Be Exhibited in China for the First Time

Hot Products:

Product Model	Inside Diameter	Outside Diameter	Thickness
HCB7001C.2RSD.T.P4S bearing	12	28	8
B7001E.2RSD.T.P4S bearing	12	28	8

【TradeBearings News Statement】

1.The news above mentioned with detailed source are from internet.We are trying our best to assure they are accurate ,timely and safe so as to let bearing users and sellers read more related info.However, it doesn't mean we agree with any point of view referred in above contents and we are not responsible for the authenticity. If you want to publish the news,please note the source and you will be legally responsible for the news published.
2.All news edited and translated by us are specially noted the source"TradeBearings".
3.For investors,please be cautious for all news.We don't bear any damage brought by late and inaccurate news.
4.If the news we published involves copyright of yours,just let us know.