Recently, Northwest Bearing Group Corporation signed a "Share Transfer Agreement", the largest shareholder of Great Wall Asset Management Company intends to use 20% stake held by the transfer cast bronze agreement to the pagoda Ningxia Petrochemical Corporation, Sinopec will be the Northwest pagoda bearing the largest shareholder of the company .
Before the equity transfer, the Great Wall of assets held by the Northwest bearing 8,191.74 million shares, bronze bushing representing 37.78% equity. Pagoda petrochemical transferee of the shares, will hold the Northwest Bearing Group 20% stake in the company, becoming the largest shareholder; the Great Wall will hold the Northwest Bearing Group Corporation 3,855.1533 million shares,dry bushing representing 17.78% equity.
ABC Bearings India net profit down 17.44% the fourth quarter.
As in December 2010 for the fourth quarter, ABC Bearings India net profit for the 64.4 million rupees,plain bearing and the same period in 2009 compared to net profit of Rs 78 million, a decrease of 17.44%. The company's fourth quarter 2010 sales of 460.1 million rupees, and 2009 sales of Rs 400.2 million over the same period, an increase of 14.97%.
Wafangdian "bearing capital"sleeve bushing created opportunities for the development of tile City.
"DU bushing Government Work Report" submitted to the 'three nuclear wings' concept is the function of Wafangdian had a very good position,bushing "Municipal People's Congress Liu Xingwei deliberations in the group, said excitedly, Dalian City," second Five-Year "plan for Wafangdian development has brought opportunities and challenges, "We will seize the economic belt along the coast of Liaoning promoted national strategies, and promote global cities of Dalian of the favorable opportunity, turned to the sea, across the forward. "Liuxing Wei said.
As a well-known bearing capital, has continued to expand in the bearing Wafangdian advantage. According to reports, "Twelve Five" period, Wafangdian fan will speed up the development of supporting industries,brass bushing creating the country's largest wind power equipment manufacturing base. The preparation of improved bearings, textile, Mould guide plate chemical industry and bearing the city center planning. Persist in using new technologies to upgrade traditional industries and actively develop solar and other emerging strategic industries; identified more than eight state-level high-tech enterprises to achieve high-tech output value of 400 billion. Private economy to develop and promote private savings to investment into advantages, plastic bushing and promote qualified listed companies.
"Currently, we are shouldering the Province and Dalian City, given the new mission, new tasks, new starting point to achieve a higher level of the critical period. Wafangdian Dalian Municipal Committee requested the Bohai Sea region to build a modern competitive new industry city of Dalian to become new economic growth pole. "Liuxing Wei said, to build medium-sized cities, construction of bearing industry base, is an important industrial city of modern connotation; planning and construction to nuclear power as the representative of the new energy industry cluster, as the modern textile new materials based on industrial clusters in order to rely on a modern industrial port and logistics industries, to promote the advantages of industrial clusters to the "China Industry Cluster 50" forward, is building a modern industrial city of the important new milestones.
"Wafangdian will give the city the power to industrial development in a more prominent position, continued growth of competitive industries, expand specialized industry, and to develop strategic new industries in an effort to Wafangdian into a nationally renowned, world well-known major industrial city and Chanyeqiangshi! "Liuxing Wei said.