Date: 2013-07-31

Zhongguan Bearings Successfully Achieved Scheduled Target

Zhongguan Bearings Successfully Achieved Scheduled Target

Zhongguan Bearing Co.,Ltd, coming into production at the end of March, announced that it had now achieved the scheduled production value of RMB 5 Million.

With the total investment of RMB 118 million, Zhongguan Bearing mainly specialized in bearing lathing to offer support parts for large bearing factories. The first phrase production line came into operation with 160 new employees in March.

For future development, the company said it would further invest RMB 15 million in establishing a new facility covering an area of 6000 square meters. It is expected the annual production value will hit RMB 30 million with three newly established production line: deep groove ball bearing production line with the annual output of 7.2 million sets, taper roller bearings production line with the annual output of 7.20 million sets and production line for bearing lathing with the annual output of 3.6 million sets.

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