Wanxiang-Qianchao Company founded

Wanxiang-Qianchao Company Founded Recently, Wanxiang-Qianchao Bearings Company held the opening ceremony. The establishment of Qianchao Bearings Company is one of main efforts conducted by Wanxiang Group. According to the program, Wanxiang Group invested about 500 million RMB for its future development. After the establishment of Qianchao, it will have first class equipment and manufacturing base for bearings. In three years, i.e. 2006, the sales of Wanxiang Group will reach 1 billion RMB and topped China bearing industry.