--ZWZ Industrial Zone Will be Built

Now the ZWZ Industrial Zone Projects is inviting bids, the project will start in the middle of March 2005.

The Zone will cover 279 thousand square meter, be finished in 3 years. This Industrial Zone will be a high-tech products oriented base. The Zone will focus on production of precision bearings for large and heavy equipments and auto components etc. Also there is a slogan for the new Industrial Zone's building, that is "Building a new Zone; Improving some craft; Developing new products; Cultivating new talents".

--Increasing Export of ZWZ Group

Since the beginning of 2005, the sales income and capital gain of ZWZ up 82.8% and 73.9% respectively from the same period last year.

In recent years, ZWZ adjusted their product-mix; took diversifying products, improving products' grade, expanding export and substituting import products as their principles. They created their own products developing step which was characterized by "produce a new product with another new product been developed; develop a new product with another new product in mind".

To guarantee the healthy increase of export, ZWZ adjusted their export strategy. They have realized that it's no use to cut price to compete with others, the only way is to enhance the grade and quality of their products.

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