On November 30, Weihai Nanhai new area signed an investment contract with Vancester co., ltd. of the republic of Korea. Vancester co., ltd. will invest in the construction of intelligent equipment sports bearing production project in Nanhai new area.

The total investment for the production project of intelligent equipment sports bearings is 850 million yuan. This project integrates r&d, design and production. It is the first production enterprise set up by Vancester corporation in China and the first intelligent equipment industry project setup in china-south Korea cooperation industrial park in south China sea new area. The first phase of the project will invest 420 million yuan and set up 30 intelligent production lines, which are expected to be partly put into production in the first quarter of next year and fully put into production by the end of next year.

According to introducing, South Korea, corporation was founded in 1989, the super linear bearings, spline shaft, linear guide, such as automatic competitive core business areas, especially in the analysis of the rolling and sliding motion ability, the application of the special steel and heat treatment ability, in the field of ultra-precision machining ability has the core technology.