SKF and Baosteel Form Joint Venture

Resource from: cbcc-yinx Likes:2922

May 25,2007

SKF and Baosteel Form Joint Venture SKF China and Baosteel Equipment Repairing Co.,Ltd signed a contract on May 23 to form a joint venture, responsible for repairing bearings and related products in Baosteel Group. According to the contract, the two sides will invest 22 million yuan to build the joint venture. About 30 staffs from SKF will be settled in the new company. SKF holds the controlling shares of the company. Baosteel Group is one of the leading steel makers in China, with annual capacity over 22 million tons. The repairing company is responsible for Baosteel’s equipment repairing, parts making and condition control for equipments. （see u）

(cbcc-yinx)

【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 Shenlong Bearing Establish Scholarship in Zhejiang University
Next Wangxiang Industrial Park Demonstrates Strong Momentum of Growth

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.