China Wanxiang Bearings Released the First Three Quarters 08 Results

ccording to the report, Wanxiang Bearing Company has kept increasing in its operations for the first three quarters 2008. The company once estimated that it would respectively increase by 40.47%, 26.52% and 28.61% in its production values, sales revenue and profits year-on-year, totally accounting for 70%, 71.2% and 88.4% of those of the whole year.

With the brisk sales market, Wanxiang has achieved many orders currently. To replace the international famous brand products, the company has been actively developing the new ones especially for the development of the high precision middle-large and extra-large size bearings, which not only enhanced the technology and added value of the products but also promoted other international items' development.

As for the first three quarters of this year, the sale of the international market took up 23.8% of that of the whole market.