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Date: 2013-09-21

Qingdao Taide Automobile Bearing Co. announces approval of its precision bearing unit project by Qingdao Environmental Protection Agency

Recently, a technical transformation project of high-end passenger vehicle engine precision bearing unit carried out by Qingdao Taide Automobile Bearing Co., Ltd. is approved by Licang Branch of Qingdao Environmental Protection Agency.

The project is provided with a total investment of about 20 million yuan, of which about 1 million yuan is planned for environmental protection, accounting for approximately 5% of the total investment, and mainly for the noise control, solid waste disposal, cleaner production and environmental management.

The completion of the entire project will need approximately 18 months, and the project is expected to be put into use in October 2014. Once completed, the company is to own the production capacity of 800 million units of high-end passenger vehicle engine precision bearing units in a year, with added output value as well as profit and tax of respectively 30 million yuan and 6,000,000 yuan.

 


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