Wanxiang Jinggong Will Set Up New Factory in Taizhou

Resource from: CBCC Likes:2957

Jul 08,2010

On July 2, Wanxiang Jinggong Co.,Ltd signed an agreement with Taizhou Gaogang Science & Technology Park. According to the agreement, Wanxiang Jinggong will set up a new factory in Taizhou with total investment of 500 million Yuan and registered capacity of 100 million Yuan. The production capacity is expected to reach 10 million sets when it comes on line in four years. The sales and revenue will hit 700 million Yuan and 30 million Yuan respectively. “The machinery manufacturing is one of the important pillar industries in Taizhou. This project will further strengthen the manufacturing level of automobile parts. We will try to offer our warmest and most convenient service for this project” said honorable Mr. Wang Jian, the Director of Gaogang District. Meanwhile, Wanxiang Jinggong Company and the matched facilities will enjoy the preferential policies from the local government. As a subsidiary of Zhejiang Wanxiang Group, Wanxiang Jingong Company mainly produces wheel hub bearings, which has been listed as the state-level key product.

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