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During the predicament last year, Changshan Chaoqun Bearing Co., Ltd has enlarged the investment in improvement of equipments and the training of employees. This year the company is stable and speeds up the development. From January to March, the company has accomplished the production value of 1.577 million RMB, which increased 53% on a year-on-year basis.
In the production workshop of Chaoqun Bearing Company, the lathe processing equipments were all changed into NC lathes. The degree of the automation was greatly improved. The principle told the reporter that it was the largest action they have taken to face up the global financial crisis, which established developing base for the company.
This year the situation is better and the company speeds up the production. On one hand, the new equipments improved the product quality obviously and the qualification rate of the products increased from 98% to 99%. Not only the products were recognized in the market, but also the damage of raw materials was reduced; and the production cost was reduced, either. On the other hand, the orders arrive in succession. The company has produced more than 300,000 sets of bearings each month.
The principle of the company indicated that the company has accomplished the sales income of 8 million RMB last year. Judging from the present situation, the this year they will accomplish the sales income of 18 million RMB.
| Product Model | Inside Diameter | Outside Diameter | Thickness |
| 22324E1K bearing | 120 | 260 | 86 |
| 23224E1A.M bearing | 120 | 215 | 76 |