Linqing invested 580 million yuan to build Bearing Expo City

Since last year, Linqing invested more than 64 million yuan to upgrade the tobacco store bearing market in three phases, and built a public service platform for the tobacco shop bearing trade logistics park. The tobacco store bearing market covers an area of ​​1200 mu, with a construction area of ​​420,000 square meters. It has 3,120 fixed stores and more than 5,000 businesses. It is the top ten industrial products trading market in Shandong Province. Last year, the market transaction volume reached 7.5 billion yuan. In order to further build a new and modernized bearing market, Linqing invested 580 million yuan to build a bearing expo city covering an area of ​​700 mu and a building area of ​​400,000 square meters. It is planned to be completed and put into use within three years. By then, the market area of ​​the tobacco store bearing will be expanded to more than 800,000 square meters, becoming a large-scale high-end wholesale market integrating business and trade zones, processing zones, logistics zones, catering and accommodation zones and information technology service zones.

On May 27th, Linqing·China Bearing Industry High-level Forum was held in 2010. More than 400 factory and enterprise leaders and experts from more than ten provinces and cities nationwide discussed the development of the bearing industry. Linqing was to build an international and modern new bearing market. It will build a bearing exhibition city with a construction area of ​​400,000 square meters, with a total investment of 580 million yuan. It is planned to be completed and put into use within three years.

Zhang Xuanyu, secretary of the Linqing Municipal Party Committee and director of the Standing Committee of the Municipal People's Congress, said that the Linqing bearing industry has been in development for more than 50 years, and has built three towns and towns, namely, Yandian, Panzhuang and Tangyuan, to radiate the city and surrounding counties. The district, the developed market, complete supporting, and numerous housing industry clusters, is known as the "hometown of China's bearings." At present, the number of bearing processing enterprises in Linqing City has grown to 1,120, including 123 bearing enterprises above designated size, and more than 12,000 bearing distributors. Last year, the bearing industry realized a main business income of 13 billion yuan. There are more than 100 bearing enterprises engaged in foreign trade directly or indirectly in Linqing City. The products are sold to more than 40 countries and regions such as Japan, the United States and Germany, and the national market share is over 10%.

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