China's Tri-Ring to buy Polish Bearings Maker-source

Resource from: CBCC Likes:311

May 16,2013

Chinese automotive manufacturer Tri-Ring Group Corp will buy Polish bearings maker FLT Krasnik for some 300 million zlotys ($93 million) in the largest investment yet by a Chinese firm in Poland, a person close to the deal said. The purchase comes a year after then Premier Wen Jiabao set a target of doubling China's trade with Poland and created a dedicated fund to reduce imbalances. "The investment is a result of the political discussions during Wen Jiabao's visit last year," the source said on Wednesday. Krasnik, which is 89 percent owned by state industry development agency ARP, employs 2,000 workers and has annual sales of some 200 million zlotys. ARP declined to comment. No one at Tri-Ring was immediately available for comment. ARP chief Wojciech Dabrowski and several Krasnik officials visited Tri-Ring Group last month to discuss a possible purchase. Tri-Ring manufactures special purpose and military vehicles and automotive components in China. Chinese companies are becoming more visible in Poland, with construction firms bidding in tenders for power units launched by local utilities. ($1 = 3.2107 Polish zlotys)

(CBCC)

【CBCC News Statement】
1.The news above mentioned with detailed source are from internet.We are trying our best to assure they are accurate ,timely and safe so as to let bearing users and sellers read more related info.However, it doesn't mean we agree with any point of view referred in above contents and we are not responsible for the authenticity. If you want to publish the news,please note the source and you will be legally responsible for the news published.
2.All news edited and translated by us are specially noted the source"CBCC".
3.For investors,please be cautious for all news.We don't bear any damage brought by late and inaccurate news.
4.If the news we published involves copyright of yours,just let us know.

Add to My Favorites

[Close the window]

Previous HRB passed the recertification audit for ISO14001 environmental management system
Next Board Members of Luoyang Bearing Science & Technology Co. visited Fuyang Bearing Co. (pic)

BRIEF INTRODUCTION

Cnbearing is the No.1 bearing inquiry system and information service in China, dedicated to helping all bearing users and sellers throughout the world.

Cnbearing is supported by China National Bearing Industry Association, whose operation online is charged by China Bearing Unisun Tech. Co., Ltd.

China Bearing Unisun Tech. Co., Ltd owns all the rights. Since 2000, over 3,000 companies have been registered and enjoyed the company' s complete skillful service, which ranking many aspects in bearing industry at home and abroad with the most authority practical devices in China.