Date: 2013-07-31

Bearing Project of Huaian Chungao Registered

In December, 2009, the bearing project of Huaian Chungao Investment Development Co., Ltd was registered with Jiangsu Provincial Development & Reform Commission according to the No. (2009)1810 document.

The project was invested in by Huaian Chungao Investment Development Co., Ltd. After the project is put on stream, it will form an annual production capacity of 370 million sets of four point contact ball bearings, cylindrical roller bearings and miniature deep groove ball bearings and produce supporting products for CNC machine tools, heavy truck and cars, etc.

The total investment in the project is 10.3035 billion RMB and the capital of the project is 495.35 million RMB.

The project is expected to be located in the Xuyi Economic Development Zone. The procedure of address layout and energy-saving assessment has been finished.

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