Small Bearings Attracted Investment of 90 million yuan

Resource from: CBCC Likes:3020

Nov 09,2010

On Nov. 8th, Qingshui Town in Guanlong County, Liaocheng City, Shandong Province has held the First Bearing Forging Products Trade Fair. About 220 representatives in the bearing manufacturing industry of 20 regions and provinces have particiapted in the fair and signed three projects with the total investment of 90 million yuan. On the opening ceremony of the fair, Song Zhanguang, the Secretary of Party Committee of Qingshui Town introduced that there are three industrial park and about 1300 enterprises in this town, in which there are 28 the up-scale enterprises, and the annual sales is up to 1.85 billion yuan. 80% of the labor in this town have worked in these enterprises. Qingshui Town has been awarded as "Feature Industrial Town" by Liaocheng City and received the honor of "SMEs Carving Out Tutorship Base" issued by Shandong Province. At present, the town are making effort to build up the "First Bearing Forging Town in China". After the fair, Guanxian Chenming Precision Pipe Co., Ltd. and Shandong Shouguang Juneng Special Steel Co., Ltd signed agreement on steel supply; Guanxian Zhongyuan Bearing Co., Ltd. and Fujian Changle City Zhongyuan Bearing Forging Co., Ltd. signed agreement on the second investment project; Anlun Bearing Co., Ltd. and Luoyang LYC Bearing Co., Ltd. signed agreement on materials purchasing project. The total investment of these three projects is up to 90 million yuan.

(CBCC)

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