Date: 2013-07-31

Project with the Annual Output of One Million Pieces of Bearings & Automotive Transmission Parts Started

Recently, the project with the annual output of one million pieces of bearings & automotive transmission parts from Huoshan Zhongtai Machinery Co., Ltd has launched the construction in the economic development zone of Huoshan County. This project is jointly funded by Chuzhou businessmen and entrepreneurs, with the total investment of 50 million yuan, the project is mainly engaged in developing, manufacturing and selling metal castings, forgings, general machinery parts, automobile electronic parts, which has played an enhanced role for automotive parts' production & processing capacity in Huoshan County, and it is also another investment promotion achievement for equipment manufacturing and automotive spare parts' R & D. After the project has been fully completed, the annual sales revenue could reach 150 million yuan with the profits & tax of 30 million yuan. Now the project is smoothly progressing, it is estimated that it will be formally put into production by the end of April, 2012.

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KT91210 IKO	9	12	10

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