Date: 2013-07-31

Shandong Liangshan Bearing Company Plans to Build New Facility

On Aug 28, Shandong Liangshan Bearing Company held groundbreaking ceremony for its new facility in Liangshag Industrial Park. Officials from local government and representives from some key enterprises were invited to attend the ceremony.

According to the company, the project is scheduled to be completed in two periods:

1. With investment of RMB 120 million, office & living buildings with 10,000 square meters will be set up. Besides, a manufacturing workshop with 40,000 square meters will be established. The production capacity and annual revenue are expected to hit RMB 300 million and 30 million respectively.

2. In the second period, the company will invest RMB 200 million to further expand the production. The production capacity and annual revenue are expected to hit RMB 1000 million and RMB150 million upon completion.

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