The 2nd Phase of Technical Transformation Project in Jiangsu Qianchao Bearing Co., Ltd Started

Resource from: CBCC Likes:3207

Apr 28,2011

The 2nd phase of technical transformation project with the annual production capacity of 64 million sets of precision bearings in Jiangsu Qianchao Bearing Co., Ltd started in Dantu Xinfengshan North Village on April 28. It is reported that the investment for the 2nd phase was 300 million yuan, which is expected to be fully completed and put into operation before the end of this year. Founded in 1996, Jiangsu Qianchao Bearing Co., Ltd is a wholly owned subsidiary of Zhejiang Wanxiang Group. The 2nd phase for its technical transformation project is mainly to build forging workshop, heat treatment plant and two vehicle processing standard plants with the area of 20,000 square meters. And the annual sales revenue could reach 500 million yuan with the profit and tax of 50 million yuan after it has been put into operation. Next, the company will invest 100 million yuan for establishing electric automobile researching & developing center, bearing researching, developing & testing center and motordrome.

(CBCC)

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