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.

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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.

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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.

Siemens wind power company and ZWZ signed strategic cooperation agreement

Wafangdian Bearing Group Corporation(known as ZWZ Bearings) has signed a long-term strategical letter of intent with Siemens wind power company in ZWZ industrial zone on July 28,2009. ZWZ became the one of the important worldwide supplier of Siemens wind power company.

Two parties agree to promote all-around research and development cooperation on wind power bearings in world.

Wang Lushun, the chairman of ZWZ,and Global Sourcing Director of Siemens wind power company attended the signing ceremony.

China MOS Group increases market share of Auto Bearings

Facing the challenge of financial crisis, China Ningbo MOS Group Co., Ltd. devotes to increase sales of higher value-added auto bearings while expanding the market share.

Since the international financial crisis exploded last year, the export market which took up 70% in the sales of the company endured heavy losses. On one hand, MOS developed the domestic high-quality customers to soften the impact of the decreasing of export actively; on the other hand, MOS strengthened the work of competition against the large international auto components manufacturers.

The emphasis work of MOS in this year is to develop one of the largest suppliers of auto components in the world - the French Valeo Group. They will make efforts to extend their products from engine bearings to rain wiper bearings and power window bearing.

The auto bearings take up 15% and household appliance bearings take up 50% in existing sales structure of MOS products. The goal of MOS is to make auto bearings sales increase to more than 50%.