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While the financial crisis on the impact of bearing industry since last June on the starting to show. 1 ~ April of this year, the bearings industry realized a total profit of 630 million yuan, down 29.94%. However, in April compared with the profit growth of 44.94 percent, Central, although higher than in March chain slipped, but growth remained positive, and efficiency was optimistic about the upward trend. Zhang walk on stilts who believe that the international financial crisis, the stage of the lack of market demand and the contradiction between domestic and international market competition will be very prominent. But at the same time the industry to deepen reform, structural adjustment, and upgrading its industries appreciation. China Bearing Industry Association expects the economy of China's bearing industry, the total growth in 2009 will be about 10%. Growing economies of scale In reviewing the course of four years of development, Zhang walk on stilts who said that in 2005 ~ 2008, four years, industry sales of all products and bearing yield an average of 18.52% and 19.52% increment to achieve the industry's rapid growth. In 2008, China's exports reached 3.39 billion sets of bearings, up 2.75%; export 2.97 billion U.S. dollars, up 38.07 percent; imports of 1.58 billion sets of bearings, 0.73% lower than the previous year; use of foreign exchange 2.69 billion U.S. dollars, increase of 24.99% over the previous year. The trade surplus reached 280 million U.S. dollars, a record high. Types of enterprises in various economic sectors have developed rapidly in order to ZWZ represented by large state owned enterprises to maintain a strong momentum of development has become the backbone of the backbone of the industry in order to Pegasus, universal cash flows, people as represented by the development of private enterprises rapidly. 2008 year end, industry wide state owned, private, foreign funded enterprises as a proportion of 14:66:20, the proportion of private enterprises increased by 16 percentage points, to become a vital force in the industry. Clustering trend more apparent Zhang walk on stilts who said that in recent years, China's bearing industry has gradually developed a regional development, characteristics, productivity and product level, professional collaboration is further improved. To the end of last year, industry wide main business income of a hundred million to 114 enterprises, more than in 2005, 66 increased 48 to complete the main business income of 55.55 billion yuan, compared with 27.7 billion more than doubled, accounting for the proportion of the whole industry in 2005 is also 61% to 63.13%. The typical areas of Liaoning Wafangdian region bearing the major equipment categories, Luoyang Bearing and spare parts production and research cluster region, Jiangsu and Zhejiang precision small bearings, needle roller bearings and bearing in Jiangsu, Zhejiang, bearing equipment and rough, Shandong Liaocheng's bearing frame and so on. Among them, Wafangdian was awarded "China's Bearing Capital" title; Luo axis successful implementation of the policy group of bankruptcy, composition Luoyang LYC Bearing Co., Ltd., after re transformation of the reform in 2008, main business revenue has reached 3.32 billion yuan more than doubled in 2005 to 1.62 billion. In addition, the acquisition of Chengdu Tianma Group, the bearings, but also the acquisition of Rainbow Mountain and North were bearing, but also cross acquisition of Qiqihar Heavy CNC machine tools. Ningbo MOS Group, established in the northeast of the northern companies, investment and production in large scale precision bearings, wheel bearings and automotive bearings; one of the Group acquired Hangzhou, Wuhu and other bearing plants, has acquired Yellowstone bearing plant, further expand the scale of capital.
Article Source: http://www.bharatbhasha.net Article Url: http://www.bharatbhasha.net/finance-and-business.php/224916 Article Added on Tuesday, March 16, 2010
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