Growing economies of scale

China into the world's annual output of bearing ten billion sets of bearings manufacturing country's third-largest
"Over two years in advance of the completion of the 'Eleventh Five-Year Plan' original main business income of 84 billion yuan, bearing yield eight billion sets of economic output target." June 26, China Bearing Industry Association, honorary chairman Zhang walk on stilts who In a sixth member of the Association conference that the work of bearing industry has made considerable progress in the industry to achieve a fast and steady development and become the world's third-largest bearing manufacturing country.
Although the financial crisis on the impact of the Slewing bearing ndustry since last June began to show. January to April, the bearings industry realized a total profit of 630 million yuan, down 29.94%. But in April profit growth of 44.94%, compared with a March MoM decline, but continued to show positive growth, benefits were optimistic upward trend. Zhang walk on stilts who believes that the impact of the international financial crisis, the stage of the lack of market demand and market competition at home and abroad will be very prominent contradictions. But they are also industry deepen reform, structural adjustment, to upgrade the industry level of appreciation. China Bearing Industry Association expects China's bearing industry in 2009 overall economic growth will be around 10%.
Growing economies of scale
In reviewing the four years of development, Zhang walk on stilts who said that in 2005 to 2008 in four years, industry sales revenue and bearing all the average yield increase 18.52% and 19.52%, to achieve the industry's rapid growth.
In 2008, China's exports amounted to 3.39 billion sets of bearings, an increase of 2.75% over last year; exports worth $ 2.97 billion, an increase over the previous year 38.07%; imports Crossed tapered roller bearing 1.58 billion units, 0.73% lower than the previous year; use of foreign exchange $ 2.69 billion, an increase of 24.99% over the previous year. Trade surplus reached $ 280 million, a record high.
Types of enterprises in various economic sectors have developed rapidly in Wazhou represented by large state-owned enterprises maintained a strong momentum of development, become the backbone of the backbone of the industry to Pegasus, the influx of money, the people as represented by the rapid development of private enterprises . The end of 2008, industry-wide state-owned, private, foreign-funded enterprises proportion of 14:66:20, the proportion of private enterprises increased by 16 percentage points, to become a vital force in the industry.
Cluster trend more apparent
Zhang walk on stilts who said in recent years, China's bearing industry has gradually formed a regional development, characteristics, capacity and product level, professional collaboration is further improved. To the end of last year, the entire industry the main business income of over a hundred million enterprises reached 114, 66 more than in 2005 increased by 48, to complete the main business income of 55.55 billion yuan, 27.7 billion yuan more than doubled, accounting for the entire industry rose from 61% in 2005, increased to 63.13%.
The typical areas of Liaoning Wafangdian major equipment class bearings, Luoyang Bearing and spare parts production and research clusters, Zhejiang precision small bearings, needle roller bearings and bearing in Jiangsu and Zhejiang bearing equipment blanks, Shandong Liaocheng bearing frame and so on.
Among them, Wafangdian was awarded the "China bearing capital" title; successful implementation of Luoyang Bearing Group Corporation policy bankruptcy, composition Luoyang LYC Bearing Co., restructuring after the transformation of the reform in 2008 the main business revenue reached 3.32 billion yuan more than doubled in 2005 to 1.62 billion yuan.
In addition, bearing in Chengdu Tianma Group after the acquisition, and the acquisition of Rainbow Mountain and North were bearing, but also cross the acquisition of Qiqihar Heavy CNC machine tools. Ningbo MOS Group established in the northeast of the northern companies, investment in the production of large precision bearings, wheel bearings and automotive bearings; person acquired by the Group in Hangzhou, Wuhu bearing plant after he acquired the Yellowstone bearing plant, further expand the scale of capital.