South Korea Bearing "Settlement" in South China Sea

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      On May 20, with the roar of the engine, seven large-scale equipments were installed and commissioned. They were officially "on duty" in the Vanst Machinery Workshop and entered a two-month trial operation stage.
It took only 25 days from the equipment entering the factory to the trial operation, which surprised Huang Qijing, general manager of Weihai Wansite Machinery Co., Ltd. On the day of the trial run, Huang Qijing, a Korean, said to Sun Jinke, deputy director of the Nanhai New Area Business Bureau, in a less fluent Chinese language, "I didn't expect that Korean bearings rotated so fast in Weihai, thanks to your help!"
South Korea Vanst Co., Ltd. invested 850 million yuan to build an intelligent equipment sports bearing production project in the South China Sea New Area. The project integrates R&D, design and production. The first phase is expected to invest 420 million yuan and set up 30 intelligent production lines. It is expected that all of them will be put into production next year. "This is the first production enterprise established by our Vanst Company in China. The company attaches great importance to this project." Huang Qijing, who first came to China to participate in production line construction, said that it was the efficient service of the South China Sea New Area that dispelled his concerns when he came.
Since this year, the South China Sea New Area has seized the opportunity to construct a demonstration zone for local economic cooperation in the China-South Korea Free Trade Zone. It has intensified the introduction of Korean-funded projects and deepened industrial cooperation with South Korea around high-end equipment manufacturing, new energy and new materials, marine food and medicine, information technology and other industries.
From the beginning of importing equipment, Sun Jinke regarded himself as a member of Vanst Machinery Company. Whether it is the duty-free imported equipment, the payment of VAT by customs, or the opening of bank accounts and other issues, Sun Jinke has run around and solved the problems one by one.


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