Zhejiang Tianma Bearing Co., Ltd Intends to Build Two Bearing Projects with Investment of RMB 340 Million

Resource from: CBCC Likes:3007

Aug 07,2012

Today, Zhejiang Tianma Bearing Co., Ltd announced that it planned to implement two projects of "High Precision (P4 and P2 level) CNC Machine Tool Bearings with annual output of 200,000 pieces" and "Wind Bearing Above 3MW with annual output of 1000 pieces" through its wholly owned subsidiary Suiqing Tianma Heavy Engineering Co., Ltd. It is predicted that it will achieve total annual net profit of RMB 87.7 Million after completion. 　　 The project of "High Precision (P4 and P2 level) CNC Machine Tool Bearings" will be invested a total of RMB 49.6 million. The project project construction period is expected to be one year and payback period is of 4.6 years and , the annual net profit is of 12.852 million yuan. In addition, Zhejiang Tianma Bearing Co., Ltd will also build the project of Wind Bearing Above 3MW with annual output of 1000 pieces" with investment RMB 290 million. The annual net profit for the project shall be RMB 74.85 million.

(CBCC)

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