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Starting from this year, Sitong Bearing Co., Ltd has sped up the pace of product structure adjustment, accelerated product upgrading & replacement, and gradually reduced the proportion of low-cost, low-benefit products through the technological innovation & differentiation strategy. The output value of Sitong Bearing Co., Ltd exceeded 600 million yuan from January to September, increased by 79% compared with the same period of last year, which achieved the sales blooming.
With the rapid development of automotive industry this year, the development of bearing industry also has a broad market. Sitong Bearing Co., Ltd seized this favorable opportunity, totally invested 7.5 million yuan in the implementation of technological transformation projects, meanwhile the company timely adjusted the product structure with the changes of the market, consequently to find a new profit growth point for the enterprise development.
The office director of Sitong Bearing Co., Ltd Hu Xionggang said : This year, the company increased the technological investment according to the market requirments, gradually eliminated a number of universal bearings with low-added value & low-accuracy, especially for the automotive wheel hub bearings & outer spherical bearings which were newly developed this year. Up to now, these two projects have been already put into operation.
After the new products were put into the market, the company has established the sales network in many provinces and cities of China, and also expanded the sales market of the products. There were large product orders, and the company is in the full-load operation until this November. In addition, the company actively took enegy-saving, consumption-reducing and other measures by the technological innovation, technological transformation & upgrading, staff training etc. in order to further reduce the production cost, meanwhile to make the company maintain a steady growth momentum.
At last, Hu Xionggang concluded : According to the recent development situation, it is estimated that the output value of Sitong Bearing Co., Ltd will reach 900 million yuan. In the next stage, the company will pay close attention to the implementation of technological transformation projects on the construction machinery bearings so as to further enhance the added-value of the products.
| Product Model | Inside Diameter | Outside Diameter | Thickness |
| Z-549810 bearing | 1028.7 | 1327.15 | 114.3 |
| Z-549809 bearing | 901.7 | 1117.6 | 82.55 |