Xi’an Huaqin Bearing Alloy Co., Ltd to Establish New Plant in Shiquan

Resource from: CBCC Likes:2919

Jul 23,2008

It was reported that Xi’an Huaqin Bearing Alloy Co., Ltd would totally invest RMB85 million to set up its new plant with 48.44 Mu land in Shiquan County, which would be dedicated to manufacturing & processing Simplex Ferrochrome and High Carbon Ferrochrome. Huaqin Bearing Alloy signed the construction agreement with Shiquan County on July 8. Reportedly, the first phase of construction will be completed by the end of May, 2009 and the annual sales are expected to exceed RMB280 million. The second phase is to be started by the end of September and the yearly production value will reach RMB800 million.

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