SKF invests in China - SKF doubles Dalian factory capacity and forms strategic partnership with Sinovel Wind Co. Ltd

1. Chairman of CBIA Welcomed Suzuki, Chairman of NTN in Beijing
... was joined by Mr. Shoji Kiko, Managing Director of NTN, Mr. Tetuya Kondon, President of NTN China Investment Co.,Ltd and Mr. Huang Chen, Senior Manager of Planning and Operation of NTN China Investment ...

2. China CJB Set up Four New Manufacturing Bases
In order to face market competition and achieve win-win, China Chongqing Changjiang Co., Ltd had set up four manufacturing bases from July 31 to Aug 3. The four new bases are: Automobile parts manufacturing ...

3. Wanxiang Group listed in 2009 China Top 500 Enterprises
On Sept. 5th, the list of  "2009 China Top 500 Enterprises" was issued on the 2009 China Top Enterprises Release Conference & China Large Enterprises Leadership Summit. Wanxiang Group ranked the No.128 ...

4. Patent applications continue rising in China: WIPO
The number of international patent applications continued to rise in China in the first half of 2009 despite the global economic crisis, the head of the World Intellectual Property Organization (WIPO) ...

5. China Jiangsu TWB Bearings Co., Ltd Inaugurate New Plant
On the morning of Sep. 7, China Jiangsu TWB Bearings Co., Ltd. inaugurated its new plant in Xishan Economic Zone,Wuxi City,Jiangsu Province.  Timken Group has established numbers of  related businesses ...

6. SKF China Industrial OE sales team hosted China Key Customer Executive Forum in Shanghai
In early August, SKF China Industrial OE sales team hosted China Key Customer Executive Forum in Shanghai. Representatives from management teams of about 20 SKF's key industrial OE customers attended the ...

7. Sinovel – China's number 1 in the wind power industry
Sinovel Wind Co., Ltd. is No.7 largest wind turbine manufacturer in the world and No.1 in China. Headquartered in Beijing, Sinovel has four manufacturing bases in Dalian, Jiangsu, Inner Mongolia and Gansu ...

8. GKN Extends China Joint Venture for 50 Years
... joint venture in China, Shanghai GKN Drive Shaft Company (SDS) was formed in 1988. Other Chinese partners in Shanghai GKN include SDIC Machinery & Light Industries Company and Bank of Communications Company. ...

9. SKF in China - SKF doubles Dalian factory capacity and forms strategic partnership with Sinovel Wind Co. Ltd.
... is to increase the manufacturing capacity for large and medium size bearings in China. This is in order to support the continuous business growth in China and other parts of Asia, especially in the areas ...

10. China Wind Power Equipment Manufacturing Overview
At present, China wind power equipment manufacturing industry has formed a production system covering blades, gear boxes, generators, towers and other main parts. Among which the blade and the turbine ...

11. China adjusts import tariffs policy to encourage innovation
China's government is adjusting its policies on imported technological equipment with the purpose of boosting domestic innovation and greater industrial restructuring and upgrading. Key components and ...

12. 12 Million Vehicles Were Expected to Be Produced in China in 2009
China is forecast to produce 12 million units of vehicles for the whole year of 2009, to set a record high, an official with the National Development and Reform Commission (NDRC), China, China's top economic ...

13. China Launches Differentiated Wind Energy Tariffs
China has instituted a new system of differentiated wind energy tariffs based on four wind energy zones. The move is the first in Asia since South Korea implemented a feed-in tariff program in 2005. China ...

China Bearing Industry Association(CBIA) Visited Japanese and Korean Bearing Industry

1. CBIA Visited Japanese and Korean Bearing Industry
Liu Enshi, president of CBIA(China Bearing Industry Association) and Wang Quanqing, secretary-general of CBIA visited Japan and South Korea from August 18-24. The destinations include NTN, NSK, Sakamura ...
2. China Fujian Longxi Bearing (Group) Co., Ltd. Confirmed as the Third Block of Technology Innovation Testing Enterprises
... Third Block of Technology Innovation Testing Enterprises issued jointly by Ministry of Science and Technology of China, Ministry of the State-owned Assets Inspection and Management Committee and China ...
3. China Industrial Profits Kept Dipping From January to July
China Industrial profits in 22 regions* realized 1,110.7 billion yuan from January to July, declined 17.3 percent year-on-year, narrowed 3.8 percentage points over first half year. The profits of 14 industrial ...
4. Germany IBO Gmbh to Set Up New Factory in Luoyang, China
On Aug 4, the groundbreaking ceremony for IBO Gmbh's new facility was held in the New District of Luoyang City, Henan Province, China. With the total investment of 10 million US dollars, the new facility ...
5. Energy firms find wind at their back in China
ST LOUIS: China's emphasis on wind energy is creating a new source of green for many American companies, as the country's wind capacity continues to advance with gale-force strength. ??In recent years, ...
6. China’s Machinery Industry Recovery to Gather Pace in H2
The annual output value of China’s machinery industry looks set to increase by 12 percent in 2009, with profits up to about 8 percent and foreign exchange earnings from exports down 10 percent from the ...
7. Industrial Cluster for Bearings Formed in Lilou Town,Luoyang, China and It Grew Rapidly
(Bearing News & Events/Bearing Events) According to the "1356" strategy of key members' guiding and project investment promotion constituted by Luolong District, Luoyang, China, Lilou government actively enlarged the investment promotion, stressed ...
8. Schaeffler (China) Co., Ltd Held “the 4th Wind Power Generating Equipment Proseminar” in Qingdao
From July 24th to 26th, Schaeffler (China) Co., Ltd. has held the "the 4th Wind Power Generating Equipment Proseminar" in the beautiful littoral city, Qingdao. Nearly 90 honored guests has participated ...
9. LYC Bearings purchase international advanced analysis instrumentation
China LYC Bearings import several advanced analysis instruments these include a Alloy Analyzer from the USA X-Ray Stress Analyzer and Bearing Grinding Burn Analyzer from Finland Metallographic Microscope ...
10. Xibei Bearing Report Financial Results for The First Half 2009
China Xibei Bearing(Google Finance) Report Financial Results for The first Half 2009 on 20th Augest. Operating revenue for the first half of 2009 were RMB 117.43 million, a decrease of 52.79%. Negative ...
11. China NBB Super Ball Linear Bearing Is Avilable
China Ningbo Yinzhou Weixing Bearing Co., Ltd.(NBB) announced their new product, Super Ball Linear Bearing is avilable from now on.This items still keep high accuracy, and have the advantage of more capacity ...

China's Top 200 Importers and Exporters in 2008

The Issued Invention Patent and the Patent Application of LYC Bearings from Jan. to Jul. Reached a Record High

Tuesday, 18 August 2009 23:22

Recently the reporter knew from the Technology Center of the company that from Jan. to Jul. this year, LYC Bearings had 9 patents issued by the State Intellectual Property Office of China, and applied for 8 patents, in which 4 are invention patents. That means they can achieve one invention patent application in 50 days on average. The number of the invention patent application has reached the highest record of the company.

Changjiang Xiangming Bearing Company Achieve TS16949 Certification

Tuesday, 18 August 2009 23:17

Changjiang Xiangming Bearing Company, a subsidiary of Shanghai Changjiang Group Corp., announced that it has achieved TS 16949 certification after the authentication by SGS organization.

China's Top 200 Importers and Exporters in 2008

Monday, 17 August 2009 04:27

China Customs recently published a report on the Top 200 Exporters and Importers in China in 2008. According to the report, the total export value of China's 200 leading exporters was USD 367.53 billion, an increase of 21.3% on 2007. The leading 200 exporters accounted for 25.7% of the total export value. The total import value of China's 200 leading importers was USD 448.98 billion in 2008, an increase of 30.1% compared to 2007. These 200 importers accounted for 39.6% of total import value in 2008.

NKE opens sales office in Shanghai

Saturday, 15 August 2009 02:27

Steyr, Austria -- Bearing manufacturer NKE Austria has opened its first sales office in China. The objective of the representative office in Shanghai is to improve the service to OEM customers, as well as to establish a nationwide distribution network. The office will be headed by Hansen Mao, who has many years of experience in the bearing industry.

Bearing Cage of Dalian Ruigu Science & Technology Co., Ltd. Received "World Green Card"

Thursday, 13 August 2009 22:21

Though influenced by the global financial crisis, the "China Bearings Capital" Wafangdian has been successful in enlarging and strengthening the bearing industry. As the bearing cage of Dalian Ruigu Science & Technology Co., Ltd. passed the Certification of World All-purpose QT3 Quality System, the bearing products of Wafangdian has the capability on supplying fittings to the international top-ranking bearing technology and get the "World Green Card" from now on.

Read more...

China to Fight EU Over Screws, Bolts at WTO-sources

Thursday, 13 August 2009 09:31

China has decided to challenge at the World Trade Organisation anti-dumping duties on Chinese-made screws and bolts imposed by the European Union in January, sources with knowledge of the case said on Friday.

Read more...

China Wafangdian City Bearing Industry Supplies 50,000 Jobs

Thursday, 13 August 2009 09:30

At the beginning of autumn, in the Precision Technology and Manufacturing Industry Park of ZWZ Bearings in Wafangdian, Liaoning Province, the production lines comprised of advanced CNC machine tools of millions of RMB are running full-loaded. About 500 bearing enterprises gathers in Wafangdian, of which the products ranges from the superior and middle grade to the low-end. The city supplies about 50,000 jobs and is praised as the China Bearing Capital.

Output of China LYC Wind Power Bearings Doubled

1. Wanxiang Qianchao Co., Ltd. Report Financial Results for First Half Year of 2009

Wanxiang Qianchao Co, Ltd. released their financial result for the first half of 2009 on Aug 10.

2. Output of China LYC Wind Power Bearings Doubled
In Aug. 10th afternoon, in the wind power bearings plant of LYC bearings, the technicians are examining the large wind power bearings which are just finished and put in storage.

3. NKE AUSTRIA Opens Sales Office in Shanghai, China
NKE AUSTRIA GmbH opens its first sales office in China. The objective of the representative office in Shanghai is to improve the service to OEM customers in important segments as well as to establish a nationwide distribution network. The office will be headed by Hansen Mao, who has many years of experience in the bearing industry.

4. ZYS is listed in "2009 China Machinery Top 500"
In July, 2009, during the survey and issuance on "2009 (the seventh) China Machinery Top 500 Research and Report" sponsored by China Machinery Enterprise Management Association, Luoyang Bearing Science & Technology Co., Ltd.(ZYS) has been awarded the honor of "2009 China Machinery Top 500".

China Ningbo bearing exports exceeded 500 million sets in the 1st half of 2009

Ningbo, China - (e-bearings.com) According to customs statistics, the bearing manufacturers of Ningbo City exported 500 million sets of bearings in the first half of 2009, valued at 160 million U.S. dollars, respectively, compared with the same period last year (the same below) decreased 37.6% and 37.2%.

The export of general trading is 490 million units; Export of foreign-invested enterprises are the main force, a total of 160 million sets exported; the European Union, India and the United States is the main export market, exports were 45.65 million U.S. dollars, 22.96 million U.S. dollars and 1683 million, the three together accounted for 53.4 percent of total exports; the export of ball bearings in the main types of bearings, ball bearings exported 140 million U.S. dollars, accounting for 87.5 percent of total exports.

China ZYS establishes a strategic partnership with Chongqing Machine Tool

On July 15, Mr. Wu Zongyan, Chairman of Luoyang Bearing Science & Technology Co., Ltd.(ZYS),Mr. Jiang Shaofeng,Maganger of Precision Bearing Manufacturing Department of ZYS and Vice Sales Manager Mr. Ai Reyi went to Chongqing Machine Tool (Group) Co.,ltd to signed a strategic partnership agreement.

According to this agreement, Luoyang Bearing Science & Technology Co., Ltd. will supply precision bearings required by Chongqing Machine Tool (Group) Co.,ltd. timely.

Besides, Chongqing Machine Tool (Group) Co.,ltd. will give priority to Luoyang Bearing Science and Technology Co., Ltd in researching and supplying new bearings and import-equivalent bearings.

NSK's Announcement of Establishment of a New Subsidiary in China

Tokyo, Japan, July 30, 2009 – NSK Ltd. (NSK; Headquarters: Tokyo, Japan; President and CEO: Norio Otsuka) has announced that a decision was made by its Board of Directors on July 30, 2009 to establish a new subsidiary in China. Details are as follows:

1. Objective

NSK plans to establish a new production subsidiary in China in anticipation of growth in the market for precision machinery such as ball screws and linear guides in China and other emerging economies. Through this subsidiary, the company aims to expand its precision machinery business by supplying both the Chinese and global markets with high-quality, cost-competitive products in a timely and stable manner.

2. Outline of the subsidiary

The profile of the center is as follows:
The profile of the center is as follows:Company name Shenyang NSK Precision Co., Ltd.
Representative Shuichi Kobayashi, Chairman and CEO (Representative Director & President, NSK Kyushu Co., Ltd.)
Location Shenyang City, Liaoning Province, China
Date of establishment August 2009 (provisional)
Major operations Manufacture and sale of precision machinery, etc.
Number of employees Approximately 600
Capital 20 million dollars (approx. 2.2 billion Yen)
Equity investment ratio NSK (100%)
Plant scale The plant will have a ground area of about 70,000 m2 and a building area of about 36,000 m2 (provisional)
Start of operations April 2010 (provisional)

3. Outlook

The establishment of this subsidiary will have only a minor effect on the consolidated financial results for the current term.