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Article: CHANGZHOU TIANSHAN HEAVY INDUSTRY BOOMS IN FINANCIAL CRISIS
- Article from:
- AsiaInfo Services
- Article date:
- March 10, 2009
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AsiaInfo Services
03-10-2009
Changzhou Tianshan Heavy Industry Booms in Financial Crisis
CHANGZHOU, Mar 10, 2009 (SinoCast Daily Business Beat via COMTEX) -- Changzhou Tianshan Heavy Industry Machinery Co., Ltd., a production base of Chongqing Gearbox Co. in east China, plans to invest CNY 380 million in 2009 and 2010 in a bid to expand turf in the global financial crisis.
Jiang Wenge, chairperson of Tianshan Heavy Industry, reveals that while the financial tsunami influences the company to some extent, its confidence in gearing up development is not shaken. The company tries to ensure the annual sales in 2009 to exceed CNY 500 million, 30% higher than a year earlier.
Established in 2002, ...