Date: 2013-07-31

Technological Transformation Project with the Annual Output of Three Million Sets of Precision Bearing from KMR Funded by the State

Recently, Shan Dong Economic & Information Technology Committee has forwarded the state-assigned provincial key industrial revitalization and technological transformation (third) 2011 central budget for investment plans, the technological transformation project with the annual output of three million sets of precision bearing from Shan Dong Camelry Bearing Science & Technology Co., Ltd funded by the state with 2.7 million yuan.

With the total investment of 106.09 million yuan, this project plans to form the annual three million sets of precision bearings' capacity, among which E-type bearing accounts for one million sets, and precision cylindrical roller bearing accounts for two million sets. It is estimated that the sales revenue will increase by 556 million yuan, meanwhile the profit & tax will increase by 70 million yuan after the project has been fully completed.

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