Date: 2013-07-31

Wumu Town Introduced a Project of 70 million RMB

Since the city project construction year, Wumu Town in Lingbao city has further optimized the investment environment, consummated the working mechanism, strongly impelled the project construction. Recently, this town has successfully introduced a large project which was invested in 70 million RMB---Saipu Precision Instruments Manufacturing Project, which accomplished the breakthrough of project construction.

Saipu Precision Instruments Manufacturing Project was one of the transformation projects from coastal areas to central western ares; 57 million RMB was invested in fixed assets and 13 million RMB was invested in current capital.

The project has moved and installed equipments in March and tested operation in April. In May, the project will be formally put on stream. The predominant products of the project is precision bearings and the relevant supporting products. After the project is completed, it can produce 3million sets of bearings adapter sleeves and 600,000 sets of bearings withdrawal sleeves; achieve the production value of 120 million RMB and the tax of 17 million RMB. The products will be exported.

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