Date: 2013-07-31

High-end Wind Power Bearing is still the Future Development Priority for Tianma Bearing Co., Ltd

Though the price of wind power bearing has taken on a downward trend, the industrial chain in Tianma Bearing Co., Ltd was well operated under the strong competitive advantage. According to the bid situation of Zhangjiakou Dam & Xinjiang Hami Wind Power Project on October 26, 2010, the bidding price of 1.5 MW unit has dropped to 4,000 yuan / KW, 3MW unit has dropped to 4,100 yuan / KW. The unit cost has maintained the annual 1,000 yuan declining trend, meanwhile the price of the single wind power bearing has also shown a downward trend. Tianma Bearing Co., Ltd has established the completed "material-bearing-equipment" industrial chain for bearing business, thus products from Tianma Bearing Co., Ltd has the obvious advantage in the aspect of products quality, such as, the life expectancy, precision accuracy of the products. Besides, it has the strong controlling ability in the products cost. Furthermore, the products in Tianma Bearing Co., Ltd still have significant cost advantages and higher profitability compared with other main competitors.

The technical innovation project for wind power bearing has put more emphasize on the development of 2.5 MW wind power bearing, which is expected to contribute results in 2012. The existing production capacity of wind power bearing in Tianma Bearing Co., Ltd is 12,000 units, and mainly produce 2MW & other products which are lower than 2MW, the current price for each set of 1.5 MW wind power bearing is about 34,000 yuan. Now the Chengdu Tianma subsidiary is implementing the "technical innovation project for wind power bearing", which is estimated to be fully completed by the end of 2011, and will be put into production in 2012. This technical innovation project is mainly produce 2.5 MW & the above grade wind power bearing, the production capacity could increase by 2,500 units / year after completion, meanwhile the annual sales income could increase by 300 million yuan, the net profit also could increase by 75 million yuan. The gross profit rate for wind power bearing will be gradually improved with the commissioning of this project, at the same time, the products in Tianma Bearing Co., Ltd could ultimatily replace the imported ones with the technical upgrading of wind power bearing in the company, and the above 2 MW wind power bearing project will has a broad market space in the future.

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