HCH Launched Bearing Technical Reform Program

Resource from: CBCC Likes:2941

Sep 05,2007

HCH Launched Bearing Technical Reform Program Recently, the technical reform program of the high precision low noise bearing production line of HCH (Huaichi Bearing Group) groundbroke at Shiyan Industry Park. The annual production is expected to hit 300 million sets when it comes online . The total investment hit ￥696.63 million, among which ￥426.13 million will be used for equipment and installations. This program will cover an area of 273,604 m2 and be the largest technical reform program in bearing industry of Cixi City. It was listed as the key technical reform program in Zhejiang Province in 2005. According to the whole program, HCH plans to invest over ￥600million in building manufacturing workshops and carry out entire move in August, 2008. After it comes into production, the annual sales is expected to increase to ￥1000 million; the profit and tax are expected to reach ￥260 million and ￥160 million respectively; sales from export are expected to hit $120 million. Moreover, the program will also promote upgrade and restructuring of bearing industry.

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