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 ...

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 Bearing Annual production capacity 10 billion sets, ranked third in the world

July, 3th, Beijing - (e-bearings.com) “China has overfulfilled 'China's the Eleventh Five-year Plan ' two year advanced in bearing industry, to plan the original main camp service ahead of time to receive 84 billion Yuan(aprox. 12.3 billion US dollars), the bearing output 8 billion set of economic output goals.” On June 26, Chinese Bearing Industrial association honorary Director Zhang Qiaofan indicated at this association six session of general meetings that, our country bearing industry each work all obtained made great strides, the industry has realized the fast steady development, became the world third big bearing to make the great nation.

Although financial crisis to bearing industry influence started from last June to appear. From Jan. to April this year, the bearing industry realization profit total amount 630 million Yuan(aprox. 100 million US dollars), reduced 29.94% compared with the same period of last year. But in April profit increased 44.94% on a month-on-month basis, although in March glide down on a month-on-month basis , but still presented grows, the benefit assumed the optimistic trend of escalation. Zhang Qiaofan believed that, at under the international finance crisis influence, the contradiction which the gradual market demand insufficiency and the domestic and foreign market competition will intensify extremely is prominent. But simultaneously also is the industry carries on the deepened reform, the adjustment structure, the promotion industry level golden opportunity. Chinese Bearing Industrial association estimated that, China bearing industry in 2009 the economic output will grow about 10%.

When reviews for 4 year development courses, Zhang Qiaofan said that, during 2005 to 2008, the industry complete product sale income and the bearing output increase progressively equally 18.52% and 19.52%, has realized the industry fast growth.

In 2008, China exports the bearing to reach 3,390,000,000 sets, grew 2.75% compared to the last year; export 2,970,000,000 US dollars, grew 38.07% compared to the last year; Imports the bearing 1,580,000,000 sets, reduced 0.73% compared to the last year with 2,690,000,000 US dollars, grew 24.99% compared to the last year. The trade surplus had achieved 280,000,000 US dollars, create historical new high.

China LYC Bearings Broken the Asian Record on Spherical Roller Processing

July, 2nd - Luoyang (e-bearings.com) At present, China LYC Bearings has broken the asian record on processing extra large size spherical roller again,which filled up the blank in domestic market. This successful development indicates that LYC Bearings has made a substantial progress in processing bottlenecks of the extra large size spherical roller.

The extra large size spherical roller of high-precision processed is a solid and symmetric product with the diameter of 150mm, height of 180mm and the finished product single weight of 23.4kg. It is 2.4kg heavier than the largest hollow spherical roller bearing in Asian, being processed by LYC company in 2008. The processing precision is up to the level of P5. The accuracy has been also improved.

Remarkably, this product is not only refresh the Asian record, but also brings the order of 1100 pcs to the company once, which is the largest order of spherical roller they ever had. The break of extra large size spherical roller processing record indicate that LYC has stepped on a new stage on product research and development, manufacturing and processing, which also established the solid base for expansion the market share of high grade products.

China Ningbo bearings exports in April exceeded 100 million sets

China Ningbo city, (e-bearings.com) - according to Ningbo customs statistics, exports 105 million sets of bearings in April 2009, worth 33.79 million U.S. dollars, respectively, increased 21.4% and 21.5% on a month-on-month basis. The average price is 0.32 U.S. dollars per set, basically the same price on a month-on-month basis.

Ningbo bearing industry's top three export markets is the European Union, India and ASEAN, respectively, exports of 8.866 million U.S. dollars, 5.596 million U.S. dollars and 3.791 million U.S. dollars, the three together accounted for 54% of total exports. The vast majority of export products is the ball bearings, worth 29.81 million U.S. dollars and accounted for 88.2 percent of total exports.

China Bearing Industry 2008 briefing report

The data shows that China Bearing Industry from January to Decembe rin 2008 industrial output value totaled 39.9032 billion yuan(about 584 million US$), up 15.65 percent; industrial sales output value of 39.3753 billion yuan, up 13.10 percent; 10,262,700,000 yuan industrial added value, an increase of 9.55 %.

1-12 months in 2008, a total of 101 enterprises producing sets of bearings 2,630,500,000, representing a decrease from the same period in 2007 sets 43,900,000, up 1.64 percent reduction; bearing sales of 2.734 billion units, representing a decrease from the same period in 2007 sets 75,500,000; the same period last year to reduce the 2.69%; bearing exports set to 1,235,000,000, representing a decrease from the same period in 2007 sets 269,600,000; 17.92 percent year-on-year reduction; bearings from stock sales in 2007 of 3.732 billion yuan over the same period increased to 4.467 billion yuan, an increase of 19.72%.

In 2008, due to the impact of financial crisis, from January to June the industry's leading enterprises the main business income and the bearing business income, respectively, over the same period in 2007 increased by 26.46% and 20.96%; to these two figures by the end of 2008 has fallen to 15.61% and 11.42%.

Income from exports, the industry in 2008 January to June bearing products mainly export revenue in 2007 grew by 16.37 percent over the same period; to the end of 2008 fell to 11.06 percent.

From the profit situation, the industry in 2008 January-June profit growth of major companies 18.16%, to the end of 2008 fell to 4.44 percent.

The China Chengdu Tianma wind power bearing project goes into production

May 11, with a total investment of 550 million yuan in Chengdu Tianma Railway Bearing Co., Ltd. precision bearings wind turbine projects have been formally put into operation in Chengdu. The project will be an annual output of wind power bearing (yaw and pitch bearings) 1.2 million units in 2010 to reach 20,000 sets of production capacity in the China domestic market share of more than 60%.(more on http://www.e-bearings.com/bearing-news/the-china-chengdu-tianma-wind-power-bearing-project-goes-into-production.html)

China Wafangdian City's Bearing output value in 2009 will reach 50 billion yuan

The most important bearing enterprise of China, the ZWZ Bearing, in Wafangdian has a reputation and influence in China. Now, there are more than 500 large and small bearing manufacturers in the city, has become a well-deserved name of "City of Bearing" for Wafangdian in China.

As the "City of Bearing", Wafangdian city's bearing output value will reach 50 billion yuan(about 735 million US dollar).