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Hangzhou Qianjiang Spring Company to build plant in Beijing
Shanghai. March 12 (Gasgoo.com) – The Hangzhou-based Qianjiang Spring Company signed a RMB 259 million investment agreement yesterday with the Shunyi district government of Beijing, Hangzhou Daily reported today.
The project, occupying an area of 100 acres of land in Shunyi, will be able to turn out RMB one billion ($140,845.07) worth of automobile spring products annually, the report said.
Qiangjiang Spring is a leading engine valve spring manufacturers in China’s domestic market. The company has successfully supplied automobile springs to many famous enterprises worldwide and exported to America, Europe and Southeast Asia regions.
Established in 1988, Qianjiang Spring has three subsidiaries: Hangzhou Qianjiang Spring Research Institute, Qianjiang Spring USA, LLC and Sino-US Joint Venture of Hangzhou Qianjiang Spring Co.
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