Hunan Sunward Acquires Wuxi Fangzhan-Bearing News

Hunan Sunward Acquires Wuxi Fangzhan Wuxi Fangzhan Machinery Manufacturing Co. Ltd. (China) is being acquired by Hunan Sunward Intelligent Machinery Co. Ltd. (China) a relatively rare move in the country's highly fragmented manufacturing industry. Hunan Sunward will pay approximately 38 million yuan (USD $5 million), over five times trailing sales, to parent Fangzhan International Group Co. Ltd. Founded in 2002, Wuxi Fangzhan manufactures bearings, power transmission and other mechanical subsystems for automotive OEMs in Asia. For 2006, the company reported sales of 7.1 million yuan ($945,000), and a net loss of 285,000 yuan ($38,000).

()

【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.

[Close the window]

Previous China to Make World's Largest CNC Machine Tool for Own Use
Next Wanxiang Qianchao and Wanxiang Group Increased Capital to Wangxiang Jinggong

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.