Axle Prepares Qianmu Industrial Park to Strive to Achieve 1 Billion Sales Revenue in 3 Years

In response to market rumors, Xiangyang Bearing announced today that the company is planning to build more than 1,000 acres of the Shaft Industrial Park. The company plans to plan and arrange related technological transformation projects in the construction of the industrial park in order to increase production capacity and strive to achieve sales revenue of RMB 1 billion within three years. The company’s main business revenue last year was nearly 500 million yuan, which means that the company will create a new one in three years.

The company disclosed that the Zongzhou Industrial Park project received strong support from the local government of Xiangfan City. As early as the beginning of this year, when the Sanhuan Group reorganized the Zhanxi Group, the Xiangfan City Government agreed to provide 1,200 acres of land in the Xiangfan Hi-tech Development Zone, and 500 acres of land are reserved around the plot for the development of the Axis Group. It is now clear that the Zhuzhou Group has acquired 1,237 mu of land in this high-tech zone for the construction of the Shaft Industrial Park. Fuyang Bearing will purchase this land from the Axis Group, and the specific price will be the same as the price that the Axis Group obtained when the land was acquired.

It is understood that the company's current plant area (including residential areas) is only 800 acres, and is located in the old city, which has greatly limited the company's future development. After the completion of the new industrial park, some of the old factory production lines will be relocated to the new district and related technological transformation projects will be implemented.

The company also disclosed that in the first half of this year, although the total operating revenue of the company dropped by 23% year-on-year, the export business continued to maintain its high-speed growth in 2008 and achieved a 13% year-on-year growth in the context of the international financial crisis.

Friction Welding Drill Pipe and Adapter

Friction welding drill pipe and adapter are in accordance with API SPEC 5DP and SY/T5561-2008 Specifications.The steel grade are DZ250,R780,G105,S135 that are after partly or overall heat treatment.The adapter part adopts thermal refining to superior alloy steel 35CrMo or 4137H that`s after thread hardening treatment and phosphating to better antiseize.It also can be produced upon customers` requirements.

Technical specifications of  Friction welding drill pipe

Drill Pipe Diameter

Upset Type

RSC

Model

Steel Grade

mm

Wall 

Thickness

mm

External diameter

 of upset end

mm

Internal diameter 

of upset end

mm

in

60

2 3/8

EU

NC26

DZ50,R780

6/7.11 

65.1

46.10

EU

NC26

G105,S135

7.11

65.1

39.67

73

27/8

EU

NC31

DZ50,R780

9

81.0

54.64

EU

NC31

G105,S135

9.19

81.0

50.80

89

31/2

EU

NC38

DZ50,R780

10

98.4

66.09

EU

NC38

G105,S135

9.35

98.4

63.50

114

41/2

IEU

NC46

DZ50,R780

8

127.0

92.00

IEU

NC46

G105,S135

8.56

119.1

73.02

EU

NC50

G105,S135

8.56

127.0

90.47

127

5

 IEU

NC50

DZ50,R780

10

130.2

90.47

 IEU

NC50

G105,S135

9.19

130.2

90.47

139.7

51/2

IEU

51/2FH

G105,S135

9.17

144.5

96.82

168

65/8

IEU

65/8FH

G105,S135

9.19

176.2

135.00

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