Zhejiang Silver Wheel Machinery Co., Ltd. announced yesterday that the company plans to buy a 200-acre industrial land in Shanghai Fengxian to extend the industry to the Yangtze River delta area. The company selected specific plots are located in Shanghai Fengxian Qing Village, Block Dongzhi Air Tong Road, south to the Regiment Tsing Highway, west to the Feng Road, north to Tsing Highway, using the way to sell to the company. Land area of about 200 acres, the nature of the use of industrial land, land use life of 50 years. The right to use the right to land for 291,000 yuan/mu, the land use right is expected to transfer the total price of about 60 million yuan, by the bank's shares self-financing solution. Silver Wheel shares as the largest heat exchanger company, benefiting from the automotive, construction machinery industry growth, export recovery trend is obvious, product research and development reserves to support the follow-up growth. Earnings showed that in 2009, the company achieved operating income of 896 million yuan, to achieve operating profit of 64.21 million yuan.
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