Date: 2013-07-31

Wanxiang Group to Invest in Auto Parts Base in Chongqing

Wanxiang Group to Invest in Auto Parts Base in Chongqing

Wanxiang Group, China's largest auto parts producer, signed a contract with Chongqing Airport Industrial Park on November 22, 2007, to invest CNY 600 million in building the largest auto parts R&D and production base in the Chongqing, west China.

The base, which covers an area of 6.67 hectares, is expected to kick off construction before June 2008 and to go into full production before 2009. The project will bring more than CNY 1.5 billion of annual average sales revenues, CNY 60 million of taxes annually, and 2,000 jobs.

The company, which provides universal joints, bearings, and CV joints to customers in over 40 countries around the world, made a more than CNY 30 billion turnover in 2006 and took up a 65% portion of the country's auto parts market.

Wanxiang Group also steps into large-scale agriculture, aquaculture, real estate development, infrastructure development, etc., and provides full-line customer services to the US, Canada, Latin and South America, and Europe.

Previous: Shenyang Machine Tool and EdgeCAM become strategic partners
Next: New Wartsila Factory Extension Inaugurated in Wuxi, China

Hot Products:

Product Model	Inside Diameter	Outside Diameter	Thickness
HCB71913C.T.P4S bearing	65	90	13
B71913E.T.P4S bearing	65	90	13

【TradeBearings News Statement】

1.The news above mentioned with detailed source are from internet.We are trying our best to assure they are accurate ,timely and safe so as to let bearing users and sellers read more related info.However, it doesn't mean we agree with any point of view referred in above contents and we are not responsible for the authenticity. If you want to publish the news,please note the source and you will be legally responsible for the news published.
2.All news edited and translated by us are specially noted the source"TradeBearings".
3.For investors,please be cautious for all news.We don't bear any damage brought by late and inaccurate news.
4.If the news we published involves copyright of yours,just let us know.