Sitong Bearing Plan Scaled Tech Reform

Resource from: cbcc-yinx Likes:3030

Jun 16,2006

Recently, Zhejiang Sitong Bearing Co.,Ltd reported a strong result of their production and sales. Meanwhile, they announced their intention to practise a scaled technological reform. During the first five months, their sales were over RMB50 million, including nearly $5 million export. At present, the company are planning their technological reform to realize the annual capacity of 5million wheel hub bearings for cars, 1.8million wheel hub bearing for heavy-duty vehicles, 3.2million automobile bearings and introduction of cold rolling and bearing steel tube processing lines. It estimated that all these reform will cost the company about RMB100 million. Zhejiang Sitong Bearing Co.,Ltd is the former Changshan Bearing Factory. With over 30 years experience, they have developed into a modernized manufacturing enterprise, having registration capital more than RMB3 million. "ZX" is their registered brand. The have passed ISO9001, QS9000 and ISO14000.

(cbcc-yinx)

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