Date: 2013-07-31

Xibei Bearing to Start the Project of Wind Power Bearing & Heat Treatment Center

Xibei Bearing Co., Ltd is to start the construction of Wind Power Bearing & Heat Treatment Center. The investment in the first phase of the two projects will be 40.3 million RMB, in which the investment in wind power bearings project will be 21million RMB and the other 19.3 million RMB will be invested in heat treatment center project.

Xibei Bearing Co., Ltd. (000595) proclaimed on Dec. 19th that the company plans to start the projects of wind power bearings and heat treatment center. 40.3 million RMB will be needed in the first phase of the two projects; 21 million will be invested in wind power bearings project and 19.3 million RMB will be invested in heat treatment center. The capital is mainly from the national special projects fund. At present, the heat treatment center has obtained the special fund of 10.8 million RMB for boosting the national key industries and technological transformation project to expand the domestic demand. After the first phase is finished, the company will enhance the investment and expand the production capacity according to the capital of the company.

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