2020 is a year that people will be caught off guard. A new crown virus has swept the world, and people all over the world are shrouded in fear, shortage of supplies, and sudden increase in unemployment in various countries. Under the circumstances of this bad environment, the leaders of Yandian Town actively coordinated with the taxation departments of various governments to actively cooperate with the enterprise and optimize the various procedures of the enterprise business. On May 8, 2020, under the active promotion of leaders at all levels, our company The Yandian Township Government was witnessed by the Linqing Municipal Party Committee Secretary, the First Secretary of Yandian Town and the leaders of the Taxation Bureau and signed a strategic cooperation agreement with Hongyuan Trading Service Co., Ltd.

The new plant in the industrial park purchased by our company is about to be completed and put into use, which means that our company has increased the area of 3800 square meters of bearing production plant area. It is expected to be put into use before October 30, 2020. At that time, our company will add 40 sets of bearing grinding processing equipment, 20 sets of bearing turning processing equipment, and 10 automatic production lines for automatic bearing installation and assembly lines. 50 new jobs were created. The annual production capacity is expected to be 5 million sets of pillow block bearing, and the sales revenue is 60 million yuan.