Date: 2013-07-31

China Bearing Industry Frequent Orimoto Slew of Low-cost Competition

Be sure, but the same machinery industry, in particular the host bearing industry services industry more quickly, to the precision, performance, high reliability, high value-added developments, and as the bearing is supporting the development of the host lag, it is not suited. Such as railway bearings, train speed several times, the current bus speed of 160 km and above all with the bearing of imports; car bearings used in most of the major part of imports; metallurgical and mining machinery, engineering machinery, particularly the introduction of foreign equipment maintenance requirements bearing most of the imports; machine especially for precision machine tools, CNC machine tools and other supporting bearings are most of the imports; appliances, air conditioners, package bearing the majority (80%) of imports. Since the crisis hit, a large number of orders lost abroad, coupled with slow development of China's bearing industry, the host can not meet the needs of supporting and maintenance, resulting in a substantial increase year by year the number of imported bearings.

Our bearings bearings price import price of only 0.5-0.16, thus considered as the export price is only imported bearings bearing -10.7% 34.5%, so low sales, have many barriers to attract foreign anti-dumping . "

Seize strategic opportunities in the country of this precious time, conscientiously implement the scientific concept of development, efforts to promote independent innovation, industrial restructuring, change the growth mode of the situation, we are bearing industry there are some vicious and disorderly price competition events, people are gripping.

This folly from the block progress will not only hinder the development of the enterprises themselves, but also poison the industry, bearing industry of our country have serious adverse consequences. To this end, eagerly look forward to industry colleagues to be concerned about the vicious price competition to curb disorderly, the bearings industry toward a common innovation, quality and win the harmonious development of the road.

1. Export prices were self-deprecating to 2002 compiled catalog price bearing price 60%
Bearing requests for import and export, our prices can not be higher than in 2002 compiled catalog price bearing price 60%, can not sign export contracts. Even the country to the mechanical and electrical products in the export tax rebate of 13% to 12% return to the export enterprises, only 72% of the tax included, a deduction of 4% 6% VAT, not including tax was only 66% a 68%.

Our bearings bearings price import price of only 0.5-0.16, thus considered as the export price is only imported bearings bearing -10.7% 34.5%, so low sales, have many barriers to attract foreign anti-dumping . Throughout China's bearing industry

statistics, the industry's profit margin more than 3% -5%, maintained at between, and such low export prices, the number of domestic output to be filled.

2. Orimoto a weird low-price competition

Reform and opening up the country to implement a market economy, bearing products into the market competition among fast. Although the industry leader in every 2-5 years business development organizations, industry, the price of bearing assembly directory, the early outlaw still capable of implementation, but after 90 years, in order to control the market price of the company from participation in the formulation to the general implementation of bearing company price fall will have taken measures, less a 10% downward adjustment of 5%, 30% more than a 40% float downward. Individual listing of large enterprises by investors in the circle come from the strong capital, a weird race peer pressure: "Our offer quotations in xx 30% based on the float downward." Found in the enterprise from the Internet 1-6, 2005 statistical report month of less than 3.35% net profit margin, do not know how much return they will give investors the arrangements? Give the number of enterprises to technological transformation, development funds? This kind of contempt for the power industry, the definition of the product, resulting in industrial operation mechanism of the damage is immeasurable.

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