Reuters Hong Kong, August 18 --- Weichai Power Co., Ltd., China's largest diesel engine manufacturer, announced that it has obtained approval for the proposed issuance of bonds with a total principal amount of RMB 1.3 billion in China. If the proposal is implemented, it is expected that It will be held on the 24th of this month. The bonds have a term of five years and will be listed and transferable on the China Interbank Bond Market. The redemption date is August 25, 2014. The proceeds will be used to repay bank loans and invest in its own diesel engine project. At the special general meeting of shareholders in February, Weichai Power was authorized by the board of directors to authorize the issuance of a batch of bonds in excess of or in excess of RMB 2,700 million within two years from the relevant registration. The company’s statement stated that China Merchants Bank has officially authorized the establishment of syndicated bonds and underwriting for the issuance of medium-term bonds of RMB 2.7 billion. Weichai Power A and H shares suspended trading on Monday. Prior to the suspension, their H shares closed at HK$38 last Friday, up 18.75% over the past month. CNC turning is a subtractive manufacturing process in which pieces of material are rotated as a machine tool is fed to the piece, removing material to create a finished piece. It is primarily used to manufacture parts that are cylindrical in nature. We supply custom cnc turning service and CNC turning parts manufacturing Cnc Turning,Cnc Turning service,Cnc Turning Parts,Cnc Turning Services Ningbo Rongna Technology Co.,Ltd , https://www.prototyping-products.com
What is CNC TURNING?
Items processed by a lathe will be cylindrical and must be on-centre. Turned parts can range from simple rings to complex curved components. CNC turning is the most efficient way to mass-produce these kinds of parts.
Various cutting tools can be installed within the lathe tooling head to perform different cutting operations sequentially, to produce parts in a one-pass process. Straight cuts, tapers and contours can all be created by varying the angle and depth of the cut.
RongNa CNC Turning system is capable of cutting and holding different types of materials with complete accuracy and efficiency. CNC Turning to manufacture anything from furniture to garden tools to intricate machines and parts for cars and trucks etc.
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