The Output Value of Hebei Feilong Bearing Co., Ltd. has Increased More Than 100 Times Over the Past Five Years

Resource from: CBCC Likes:3035

Jul 11,2011

Recently Hebei Feilong Bearing Co., Ltd. signed a contract of 40,000 sets of bearings with Shenyang Electrical Machinery Plant, which will bring the corporation the profit of over CNY 1.2 million. The sales revenue of the first five months this year has achieved CNY 28 million, an increase of more than 15% compared with the same period last year. Hebei Feilong Bearing Co., Ltd. was founded in 2006. In the beginning, the company replied mainly on the OEM and the annual sale was no more than one million. However, they made their effort to focus on production and professional design and development of the deep groove ball bearings, which are widely used in motors, automobiles and metallurgy etc. Relying on the advanced equipment and technology, the deep groove ball bearing produced by the company are equal to the foreign brands and they are called "the specialist for replacing import bearings.” It is reported that the output of the company has increased over a hundred times in the last five years. As precision bearings project with investment of CNY 62 million is put into production, the output value of the company will exceed one billion by the end of this year.

(CBCC)

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