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China bearing a bright prospects for revenue has exceeded 20 billion yuan

Author:   Date:2014/5/8

China bearing industry development to the present, has substantial production capacity and a high level of technology and quality. A certain scale of bearing enterprises has grown to more than 1500 companies, number of employees grows to nearly 800,000 people, bearing annual output increased from 138,000 set in 1949 to the present more than 2 billion units, bearing varieties accumulated over more than 100 registered an increase to more than 7,000 more, size up to more than 28,000 more. Bearing well-known companies abroad for almost 10 years (like SKF, FAG, NSK and the NBM, and KOYO, TIMKEN, TORRINGTON etc) worked in the investment and set up factories in China, on China's improvement of bearing design technology, production technology and production management practices, modernization of production equipment, product quality and performance improvement, and so played a significant role in promoting.
At present, China bearing production reached more than 2 billion units, revenue has exceeded 20 billion yuan, the annual export volume of more than 770 million, exports worth some US $ 700 million, ranking 4th in the world, needed to meet domestic products above 70%, meet the required number of 90% per cent, a higher proportion of incremental exports.

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