C&U New Developing Project Approved

Resource from: cbcc-yinx Likes:2934

Jan 22,2007

C&U New Developing Project Approved A 9 member expert panel from Wenzhou Economy & Trade Commission held a meeting in C&U Group's headquarters, examining and approving C&U's project of precision bearing for auto gearbox. In the meeting, Xia kelang, manager of C&U development dept. , gave an introduction of the company. Then, Cao zhifei, manager of R&D dept. explained details of the project. At last, experts carefully examined the project from all aspects, including technical documents, product structure, C&U's productive condition, available investment, prospective economic benefit, market prospect etc. And they reached a consensus to approve this project. The approval of this project means that C&U has scored substantial result in the project of precision bearing research. And it will not only lay a technical foundation for tackling the next project, but also win them a subsidy worth RMB3-500,000 from the local government. What's more, they are able to enjoy preferential tax policies. According to the policies, they can offset their income tax, in certain proportion, by cost occured in their research project.

(cbcc-yinx)

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