Cixing Bearing Build New Plant in Qidong

Resource from: cbcc-yinx Likes:2956

Jan 16,2007

Cixing Bearing Build New Plant in Qidong Dec. 26, 2006, the Cixing Bearing Group invested Jinqiao Bearing Co.,Ltd held groundbreaking ceremony in Qidong Economic Development Zone, Qidong city, Jiangsu province. The municipal officials attended the ceremony. Reportedly, Zhejiang Cixing Bearing Group invested USD15 million which is already available, to build this new plant. The new plant will be put into mass production by the end of 2007. Designed annual sale would reach RMB800 million, with profit of about RMB80 million. Cixing Bearing Group is the largest miniature bearing producer in China. They take the first place in annual output, output value, sale, profit and export among all their peers. Mrs. Sang jianmei, member of standing committee of Qidong municipal committee of the CPC, expressed her congratulations on the founding of the company and pointed out that the company will not enhance Cixing Bearing's competitiveness, but also make a contribution to the development of the Qidong Economic Development Zone. It's expected to promote the economic progress of Qidong city.

(cbcc-yinx)

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