Backing bearings strategic measures

Visionary experts already clear that mergers and acquisitions are the only way Backing bearings industry. They pointed out that China is not the axis , power, and not only in technology left behind on the single row cylindrical roller bearing organizational structure is more deadly. Wazhou largest bearing company with annual sales revenue accounted for less than 10 percent of the national total, while the year ranked Japanese company NSK R & D expenses is twice the entire Backing bearings industry research and development costs. Centralization and reorganization of capital, Tapered bearing is the need to develop science and technology, but also the need to improve the competitiveness of enterprises. No strong economic strength, technological innovation capability will inevitably be affected, more difficult to fair competition with foreign rivals. Therefore, Precision Bearing through joint mergers and acquisitions, bigger and stronger corporate strategic initiatives is critical. Of course, the previous mergers and acquisitions in the industry consider more joint business aspect, rather than the current involvement of foreign trade, foreign intervention.

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