Changlin, hydraulic parts--Shandong Changlin Signs Consortium Loan Contract

Recent days, Shandong Changlin Group singed the consortium loan contract on the hydraulic parts project of 0.6 million sets in Linyi City.

The total investment in the project will be 2.6 billion Yuan. And it can achieve an annual income of 6 billion Yuan with a tax of 0.85 billion Yuan. The project has been listed as a major project by Shandong Government. The pump, valve, and motor products have passed the certification by Shandong Science & Technology Department. Currently the project is carrying on smoothly and it will be put into production at the end of the year.