Qianchao Bearing Launch New Industrial Park

Resource from: cbcc-yinx Likes:2953

Apr 07,2006

On March 28, Wanxiang Qianchao Bearing Stock Co.,Ltd held their groundbreaking ceremony of the new industrial park in Zhenjiang Economic & Development Zone, Jiangsu province. This ceremony coincided with their 10th Anniversary. Founded in 1996, Qianchao Bearing has transfered from a workshop to a listed company with annual output value over RMB200 million. It depended on staffs hard working, government assistancy and Wanxiang's excellent management. The new industrial park's building is aimed at seizing more foreign market share, accelerating their internal structure adjustment, further strengthening themself by integrating all existing advantages and ultimately increasing annual bearing output to 40 million sets, sales to RMB500 million in three years. It is reported that Qianchao Bearing had set their "11th Five-Years Plan" sales target at RMB2 billion.

(cbcc-yinx)

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