Jiangsu Golden Horse gets land for expansion project

China Jiangsu Golden Horse Steel Ball Inc, a leading Chinese manufacturer and supplier of ball bearings, has been granted approval by the local government to acquire additional land for manufacturing expansion.

Golden Horse was granted with the Republic of China, the opportunity to reserve 200 MU of sought after prime Industrial Lands. The company currently has 80 MUs, thus resulting in a total of 46 Acres of land use. With the additional land capacity, the company plans to increase its storage and manufacturing facilities. This government land grant to China Jiangsu Golden Horse Steel Ball Inc is in accordance with the government's 5 year plan that calls to modernize and upgrade the development of steel ball line processing technology.

The company will be better positioned to meet the increased demand for ball bearings, thus resulting in higher casting and machining volumes. With this recent strategic land expansion we will improve our margins and profitability in the future.

Golden Horse along with its affiliates and controlled entities is one of the top five manufacturers of steel ball bearings in China. The Company produces over three billion ball bearings annually of various specifications along with its development of over 15 new products, such as stainless steel balls, aluminum balls, and ceramics balls. In addition, the Company continues to export its products to over twenty countries worldwide including the USA, Japan, Brazil, India and Germany.