The Humanities, Research, and Innovation Park of Renmin Group started construction in the eastern area of ​​Wuhu Economic and Technological Development Zone. The development of Wuhu's equipment manufacturing industry will reach a new level. Bearings belong to the basic industries of high-end equipment manufacturing industry and are also the first industry of key development in Wuhu. The total investment of the creative park project is 9.13 billion yuan. It is led by Renmin Group and joins hands with dozens of industrial enterprises such as Shanghai Renmin Group and Hangzhou Bearing Group to build a high-end bearing industrial base in Wuhu. The project includes 16 major types of bearing projects, R&D centers, schools, and training bases, of which the investment in industrial projects is 7.38 billion yuan. It is expected that the annual output value of the projects will exceed 10 billion yuan. The creative park will develop and expand a batch of bearing enterprises with the largest scale and horizontal rank in the world, which will effectively promote the transformation and upgrading of China's bearing industry and realize its leap from “manufacturing†to “creatingâ€.
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