Groundbreaking Ceremony of Mingzhu Precise Bearing Industrial Park

Resource from: Sally-CBCC Likes:2936

Jun 13,2007

Groundbreaking Ceremony of Mingzhu Precise Bearing Industrial Park It is reported that Mingzhu Precise Bearing Industrial Park groundbreaking ceremony was held on April 14. Endowed with unique natural geographical and cultural environments, Guantao County has grasped the right opportunity to bid for investment in Shandong Province. Located on the river bank opposite to Linqing Yanta Town, one of the largest bearing bases in China, Guantao government decided to build a precise bearing base. Mr. Fan Peiyuan, a businessman from Jinan, invested 190 million in this project. Located in Weicengzhai Village, Guantao County, Mingzhu Precision Bearing Industrial Park covers an area of 2000 Mu, of which 900,000 square meters are buildings area. With the investment of 60 million Yuan for the first stage construction, this new industrial park is scheduled to be finished by the end of this year and employ 6000 persons. 60 standard plants and 60 comprehensive building will be set up, in which 40 companies can be accommodated. It is estimated that the annual production value will amount to 560 Million Yuan. According to the report, this industrial park will mainly focus on precision bearing ranging from 0 to 7 types. Besides, the local government will offer preferential policies for the companies who settle here.

(Sally-CBCC)

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