The total investment of more than 900 million yuan high-end bearing industrial base construction starts

On the morning of the 9th, the Humanities, Research, and Innovation Park of Renmin Group started construction in the eastern part of the Wuhu Economic and Technological Development Zone. The development of Wuhu's equipment manufacturing industry will reach a new level. Party Secretary Gao Dengbang, Municipal People’s Congress Standing Committee Chairman Ruan Guofan, CPPCC Chairman Fang Cheng, Deputy Secretary of the Municipal Party Committee Pan Zhaohui, Municipal Party Standing Committee, Secretary of the Municipal Committee Zhang Shijun and Chairman of the Group Zhang Tongsheng attended the foundation laying ceremony.

Bearings belong to the basic industries of high-end equipment manufacturing industry and are also the first industry of key development in Wuhu. The total investment of the creative park project is 9.13 billion yuan. It is led by Renmin Group and joins hands with dozens of industrial companies such as Shanghai Renmin Group and Hangzhou Bearing Group to build a high-end bearing industrial base in Wuhu. The project includes 16 major types of bearing projects, R&D centers, schools, and training bases, of which the investment in industrial projects is 7.38 billion yuan. It is expected that the annual output value of the projects will exceed 10 billion yuan. The creative park will develop and expand a batch of bearing enterprises with the largest scale and horizontal rank in the world, which will effectively promote the transformation and upgrading of China's bearing industry and realize its leap from “manufacturing” to “creating”.

Zhang Tongsheng told reporters that Penghu is a hot spot for investment. After investigating more than a dozen cities, the project finally settled in the Wuhu Economic and Technological Development Zone. It was in the good environment of “pro-business, security and wealthy business” in Penghu, and a huge potential for development. It is reported that Renmin Group was founded in 1991 and established in 1997. It is one of the largest bearing manufacturers in China, forming seven bearing production bases in Wenzhou, Hangzhou, Wuxi and Shanghai, and more than 70 bearing finished products and accessories manufacturing enterprises. With an annual production capacity of 650 million sets, it ranks among the best in the domestic industry. As early as 2001, Renmin Group invested in Laiwu, and Wuhu Renben Bearing Co., Ltd. and Wuhu Shuangxi Bearing Co., Ltd. and other companies all made great progress in Wuhu.

At the foundation-laying ceremony, 12 companies including Renmin Group donated RMB 17.5 million to the Dishui Foundation. The foundation was established in April 2011 and is mainly aimed at poverty-stricken poverty alleviation and donation-supporting activities in underdeveloped regions. The Humanities, Research, and Innovation Park of Renmin Group will establish the Di Shui Technology School to support the children of economically disadvantaged families to receive free vocational education.

Before the ground-breaking ceremony was held, Gao Dengbang met with Zhang Tongsheng and his party.

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