| "Our two years in advance over the completion | | | | become the backbone of the backbone of the |
| of the 'Eleventh Five Year ' Planning the original | | | | industry in order to Pegasus, universal cash flows, |
| main business income of 84 billion yuan, bearing | | | | people as represented by the development of |
| yield eight billion sets of economic output target." | | | | private enterprises rapidly. 2008 year end, |
| June 26, honorary director of China Bearing | | | | industry wide state owned, private, foreign |
| Industry Association Chang walk on stilts where | | | | funded enterprises as a proportion of 14:66:20, |
| the first members of the Sixth Conference of | | | | the proportion of private enterprises increased by |
| the Association, said the work of China's bearing | | | | 16 percentage points, to become a vital force in |
| industry has made great progress, the industry | | | | the industry. |
| achieved a rapid steady development as the | | | | Clustering trend more apparent |
| world's third largest bearing manufacturing country. | | | | Zhang walk on stilts who said that in recent |
| While the financial crisis on the impact of bearing | | | | years, China's bearing industry has gradually |
| industry since last June on the starting to show. 1 | | | | developed a regional development, characteristics, |
| ~ April of this year, the bearings industry realized | | | | productivity and product level, professional |
| a total profit of 630 million yuan, down 29.94%. | | | | collaboration is further improved. To the end of |
| However, in April compared with the profit | | | | last year, industry wide main business income of a |
| growth of 44.94 percent, Central, although higher | | | | hundred million to 114 enterprises, more than in |
| than in March chain slipped, but growth remained | | | | 2005, 66 increased 48 to complete the main |
| positive, and efficiency was optimistic about the | | | | business income of 55.55 billion yuan, compared |
| upward trend. Zhang walk on stilts who believe | | | | with 27.7 billion more than doubled, accounting for |
| that the international financial crisis, the stage of | | | | the proportion of the whole industry in 2005 is |
| the lack of market demand and the contradiction | | | | also 61% to 63.13%. |
| between domestic and international market | | | | The typical areas of Liaoning Wafangdian region |
| competition will be very prominent. But at the | | | | bearing the major equipment categories, Luoyang |
| same time the industry to deepen reform, | | | | Bearing and spare parts production and research |
| structural adjustment, and upgrading its industries | | | | cluster region, Jiangsu and Zhejiang precision small |
| appreciation. China Bearing Industry Association | | | | bearings, needle roller bearings and bearing in |
| expects the economy of China's bearing industry, | | | | Jiangsu, Zhejiang, bearing equipment and rough, |
| the total growth in 2009 will be about 10%. | | | | Shandong Liaocheng's bearing frame and so on. |
| Growing economies of scale | | | | Among them, Wafangdian was awarded "China's |
| In reviewing the course of four years of | | | | Bearing Capital" title; Luo axis successful |
| development, Zhang walk on stilts who said that | | | | implementation of the policy group of bankruptcy, |
| in 2005 ~ 2008, four years, industry sales of all | | | | composition Luoyang LYC Bearing Co., Ltd., after |
| products and bearing yield an average of 18.52% | | | | re transformation of the reform in 2008, main |
| and 19.52% increment to achieve the industry's | | | | business revenue has reached 3.32 billion yuan |
| rapid growth. | | | | more than doubled in 2005 to 1.62 billion. |
| In 2008, China's exports reached 3.39 billion sets | | | | In addition, the acquisition of Chengdu Tianma |
| of bearings, up 2.75%; export 2.97 billion U.S. | | | | Group, the bearings, but also the acquisition of |
| dollars, up 38.07 percent; imports of 1.58 billion | | | | Rainbow Mountain and North were bearing, but |
| sets of bearings, 0.73% lower than the previous | | | | also cross acquisition of Qiqihar Heavy CNC |
| year; use of foreign exchange 2.69 billion U.S. | | | | machine tools. Ningbo MOS Group, established in |
| dollars, increase of 24.99% over the previous | | | | the northeast of the northern companies, |
| year. The trade surplus reached 280 million U.S. | | | | investment and production in large scale precision |
| dollars, a record high. | | | | bearings, wheel bearings and automotive bearings; |
| Types of enterprises in various economic sectors | | | | one of the Group acquired Hangzhou, Wuhu and |
| have developed rapidly in order to ZWZ | | | | other bearing plants, has acquired Yellowstone |
| represented by large state owned enterprises to | | | | bearing plant, further expand the scale of capital. |
| maintain a strong momentum of development has | | | | |