The largest hydraulic parts project broke ground
The largest Japanese-funded KIB hydraulics project in Zhenjiang City, Jiangsu Province, broke ground recently in the New District High-tech Development Park. The KIB hydraulics project is another industrial project that was established in Zhenjiang, Japan after QYB Industry Co., Ltd. invested in KIB Machinery Industry. The project has a total investment of 29 million US dollars. It mainly develops and produces various high-quality hydraulic cylinders and oil pumps on construction machinery and equipment, and plans to produce 60,000 hydraulic cylinders per year. The project is expected to be put into production in early 2005.
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