Date: 2013-07-31

People's Government of Sichuan Qingbaijiang District Signed Agreement with Tianma (Chengdu) Railway Bearing Co., Ltd for the Development of Railway Bearing Project

Recently, the people's government of Sichuan Qingbaijiang district has signed an investment agreement with Tianma (Chengdu) Railway Bearing Co., Ltd for the development of railway bearing project in Qingbaijiang district.

The total investment of this project is 200 million yuan, covers an area of 170 acres. It is estimated that the annual production capacity could reach 6 million sets of precision bearings within three years after this project had been fully completed, meanwhile the annual sales revenue will achieve 300 million yuan with the annual profit tax of 80 million yuan, which will become the domestic largest railway bearing production base.

Tianma (Chengdu) Railway Bearing Co., Ltd. was founded by Zhejiang Tianma Bearing Co., Ltd. which reorganized the original national large & middle enterprise --- Chengdu Bearing Group Company. The company has been researching and producing bearings for more than 50 years. Zhejiang Tianma Bearing Co., Ltd is the most integrated company of Material, Bearing and Equipment in China

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