Anhui Lida Automobile Bearing achieved steady growth through business cooperation

Resource from: CBCC Likes:258

Jul 29,2015

Faced with the pressure of continuous economic downturn, Anhui Lida Automobile Bearing Manufacturing Co., Ltd cooperates with local enterprises to extend the industrial chain and reduce production costs, which keeps increasing the sales steadily. In the first half, Lida Automobile Bearing sold 12,100,000 bearing products and earned sales revenue of 170 billion yuan, posting a growth of 35% year-to-year. In the second half, Lida Automobile Bearing plans to place a large order with Qianshan Yongcheng Electrical & Mechanical Co., Ltd for bearing accessories, so as to guarantee cost saving and timely delivery. "Bearing accessories ordered by Lida Automobile Bearing have entered the pre-production stage, and a total of 300,000 sets are scheduled to be completed by the end of the year. This will provide us an anticipated revenue of more than 5 million yuan, and saves for Lida Automobile Bearing production and transport costs more than 0.5 million yuan," Xiong Handong, Legal Representative of Qianshan Yongcheng Electrical & Mechanical Co., Ltd. "Next, we plan to form joint ventures for maunfacturing bearing parts to further expand production scale and shorten development cycle. This can also help extend the industrial chain and increase revenues." Wang Tao, General Manager of Lida Automobile Bearing, said in confidence.

(CBCC)

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