On 2020 October 1, China Nan'an City held project start &completion activities. There are a total of 33 projects in these activities, including 20 start projects and 13 completed projects, with a total investment of 18 billion yuan. Among them, 13 completed projects with a total investment of 11.5 billion yuan, mainly related to urban supporting projects for people's livelihood, road transportation facilities projects that highlight location advantages, industrial and park projects that promote manufacturing upgrades and strengthen chains.
As a main production base of bearing unit in China,FK over 50% of bearing unit in China are produced in Nan'an city. The total investment of the third phase of the project is 776.9 million yuan, mainly for the relocation and expansion of urban factories, the construction of automation, digital production plants, storage and auxiliary facilities of 85,000 square meters,and plan to purchase 125 automatic bearing production lines, 3 full-automatic protection and heat treatment lines, 200 full-automatic bearing production lines (sets) and other equipments.
It is estimated that the silent high speed bearing unit in FK will reach 35.07 million sets ,value 1.25 billion yuan , an export value of 80 million US dollars, and tax profit of 100 million yuan annually after the project is completed.
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