Industrial Cluster Effect Bring About RMB700m Investment
It is reported that a bearing industrial cluster has been emerging in Changshan county, Zhejiang province, bringing about investment of RMB510 million in first 8 months.
According to the local investment attracting department, up to now they have attracted 26 bearing enterprises to invest there with investment value of RMB700 million. In the first 8 months, they had attracted 15 bearing enterprises' investing projects worth RMB510 million. Of all the projects, investment value of the projects of Zhejiang Hongyi Bearing Co.,Ltd and Zhejiang Zhongguan Bearing Co.,Ltd which are under construction, have exceeded RMB100 million respectively.
Changshan county located in west Zhejiang province. For convenient transportation and flourishing bearing-related industries, they have become home to many middle and small-sized bearing enterprises. Some enterprises would rather form a joint venture in Changshan, than establish their own enterprises in other places.
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