According the half year report of TMB , three investment programs have been completed: Technical reconstruction program in BTM branch; Technology improvement for railway bearings production line in TMB Chengdu branch and technology improvement for precise bearings production line with annual output of RMB 2 million.
Meanwhile, other four investment programs are still under way: Investment program for achieving 5 million sets of precise ball bearings; Technology improvement for spindle bearings production line with output of 800,000 sets; Technology improvement for automotive production with the annual output of 2 million sets and technology improvement for precise self-aligning bearings production line.Auto Bearings,automotive bearings,automobile bearings,industrial bearings,Ball Bearings,Miniature Ball Bearings ,Wheel Bearings
TMB reported net profit for the first half of 2007 totaled RMB 110.65 Million, 31.91% higher than last year. Earnings per diluted share hit RMB 0.93, an increase of 13.41% year-on-year. The net profit for the first three quarters of 2007 is expected to increase 30%-45% from previous year.
The informaton from:http://www.hiana-bearings.com/bearings_news/Investment_Programs_in_TMB.htm
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