The Project with the Annual Production Capacity of 100 million Sets of Low-noise Precision Bearing Production Line from Fuda Bearing Corporation was Listed among Zhejiang Key Construction Projects

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May 04,2012

Recently, 12 projects in Cixi city were selected as the 2012 Provincial Key Construction Projects identified by Zhejiang Government, involving funds of CNY 7.462 billion. The project with the annual production capacity of 100 million sets of low-noise precision bearing production line from Fuda Bearing Corporation Co.Ltd.(F&D) was listed among them. As for specific projects, there are four service projects with a total investment of CNY 3.934 billion, three transportation projects with total investment of CNY 920 million, two water projects with a total investment of CNY 1.394 billion, two industrial projects with a total investment of 988 million yuan, one urban construction and infrastructure project of a total investment of CNY 226 million. Fuda Bearing Corporation Co.Ltd.(F&D) produced 250 million sets of bearings in 2011, with sales value of CNY 90 million. The implementation of the annual production capacity of 100 million sets of low-noise precision bearing production line will promote the industrial upgrading of Fuda Bearing Corporation Co.Ltd.(F&D).

(CBCC)

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