On March 18, the key enterprise of Anhui Province's "861" action plan, the second phase of Wanxiang Qianchao Bearing Co., Ltd. officially commenced construction in the Huainan Economic and Technological Development Zone. The project, with a total investment of 100 million yuan, is expected to produce 30 million specialized bearings annually. It is anticipated to be completed and operational within the same year. This marks a significant strategic step for the Wanxiang Group, aiming to establish Huainan as a major hub for large-scale bearing production and subsequently expand its influence across the central and western regions of China.
Zhejiang Wanxiang Group, a top 500 private multinational company in China, specializes in automotive components such as bearings and brakes. In late 2001, the group successfully restructured the former Huainan Bearing Company and established the Wanxiang Qianchao Bearing Industrial Park in the Huainan Economic and Technological Development Zone. Currently, the annual production capacity stands at 20 million sets of bearings. Once the second phase of the project becomes fully operational, the production scale will reach 50 million sets per year, generating a total output and sales value of 500 million yuan. This expansion underscores the group’s long-term commitment to growing its presence in Huainan and strengthening its position in the national and regional markets.
exhaust pipe for car,german exhaust,germany exhaust laws ,german exhaust shop
NINGBO YINZHOU M-OX AUTO PARTS , https://www.mountxin.com