COB BEARING INC. Got State Science and Technology Achievement Transformation Project Fund of RMB 12 Million

Resource from: CBCC Likes:3139

Aug 02,2012

Recently, the development and industrialization project of "High-performance Multi-porosity Oil Plain Bearing" undertaken by COB BEARING INC. won the the second State Science and Technology Achievement Transformation Projects Fund of RMB 12 million. Thr self-lubricating plain bearing developed by COB BEARING INC. features with the high-performance, reliability, good rub resistance and corrosion resistance. It is expected to become the new economic growth point in the future, that is it will achieve the sales revenue of RMB 72 million, taxes of RMB 4.56 million after the completion of the project in the next year, and sales revenue of RMB 260 million, taxes of RMB 17.45 million when it is put into production by 2015.

(CBCC)

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