Fuyang Bearing Starts a Technical Transformation Projects

Resource from: CBCC Likes:2981

Jun 08,2009

As the Little Giant Enterprises of China Bearing Industry, Fuyang Bearing Company has made its six economic indicators ranked top 1 of the same circle in Anhui Province, through the concern and great support of provincial and municipal leaders and joint efforts of staff these years. In order to further develop the enterprise, promote the anti-risk ability,adapt to the policy of revitalizing China’s equipment manufacturing industry, meet the needs of match for large precision machinery,replace the imports and fill gaps in province, Fuyang Bearing Company has applied for a large-size and high value technical transformation projects. With total investment RMB 120million, the output of this project will increase 6.5 million sets large size and high value bearings, sales will increase RMB 300 million, profit and tax will increase RMB 90 million after it put into operation. The total investment of the first phase reach RMB 40.7 million , which was started on April 21, 2009 and expected to complete after 15 months. The annual output will increase 1 million sets, sales will increase RMB 164.43 million, profit will increase RMB 30 million, and tax will increase RMB 20 million after the project completion.

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