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119 million yuan to invest in Chengdu is vigorously developing the Aviation Precision Manufacturing industry, the investor is a Fortune 500, the world's third-largest bearing manufacturer Timken industrial group. In 119 million investment, the Chengdu see is "leading" enterprises precision manufacturing industry chain radiating effect. Timken, it means "Timken to enhance the company's market share in the global industry has taken a solid step forward."
Yesterday morning, Timken (Chengdu) Aerospace and Precision Products Co., Ltd. in Sichuan Chengdu Export Processing Zone, held a grand ceremony. Mayor Ge Honglin attended. Municipal Committee, High-tech Zone Party Work Committee Kun science, Timken Industrial Group President Michael Arnold and Group Vice President Rong Manning delivered speeches respectively. China Machinery Industry Federation, sent a congratulatory message.
Kun learn behalf of municipal government, Chengdu Hi-tech Zone Party Work Zone, Chengdu project to Timken cornerstone congratulations. He said Timken in China's first investment in central and western regions, reflecting the Timken Company and Chengdu Hi-tech Zone in Chengdu investment environment of trust. We will as always support the Timken Company in Chengdu High-tech Zone of development, and look forward to working with Timken to carry out more in-depth and extensive cooperation.
Michael Arnold and Rong Manning said, "all the achievements have started a robust start," Timken in Chengdu has opened a good start. Timken Chengdu plant will become a new starting point for innovation, I believe that the project will promote and Chengdu Timken precision manufacturing industry to develop faster.
By targeting high-end U.S. Timken Chengdu radiation Asia
Yesterday, a total investment of 119 million yuan in the western United States Timken first factory in China in Chengdu High-tech Zone. As Timken to invest in China to establish a sixth bearing production base, the center will be principally engaged in the manufacture of aviation products Aviation Precision Products. It is reported that the first batch of Timken employees will reach 200 people, is expected late next year the first batch of products will be officially off the assembly line.
High-end product positioning Aviation Precision Products
It is reported that Timken has been with some of the local aerospace companies had to negotiate, and reached a preliminary framework for cooperation. "Chengdu is China's aerospace industry powerhouse, aviation infrastructure in place, we are very optimistic about the market here." Arnold, president, said.
Chengdu, the three-step strategy for an additional investment of 2 to 3 years
"119 million yuan investment, Timken just the first step in the next two to three years, we will follow a phased investment." Arnold said Timken development plan in Chengdu will be divided into three stages "First, aviation products in the next year in December officially off the assembly line in the next 2-3 years, we will be ultra-precision manufacturing production line in Chengdu factory, eventually, and then expand into non-bearing areas." Arnold told reporters future investment and development in Chengdu mainly in two forms: as a Chinese local customers, helping them to constantly improve the level of technical competence and; further expand manufacturing capacity in Chengdu, to increase the current capacity of existing plants.
Employment plans employing localized first recruit 200 people
It is reported that the first batch of Timken Chengdu plant employment plans to reach 200 people. "We will launch the 'localization' strategy, so that all employees of the factory in Chengdu locals." Arnold said the recruitment of staff, will involve project management, engineering, operations, technology development, program design and other areas of talent.
"Leading" traction boost precision manufacturing industrial upgrading
In accordance with the progress of development in China, Timken Timken each year in the Chinese market more than 20% growth rate expected until 2010, sales revenue will double again on the existing basis. "Chengdu will gradually become the west, and the country of a traction pole."
"As a global precision machinery 'leader', Timken in Chengdu, Aviation Precision Machinery industry will be rapid increases in technology, as well as precision machinery manufacturing industry, play role in boosting." Yesterday, the Chengdu Hi-tech Zone Investment Services Bureau Deputy Director, Project Promotion Center Director Li Gang said that. It is reported that in the coming years, Timken project in Chengdu will eventually reach 4.
| Product Model | Inside Diameter | Outside Diameter | Thickness |
| 4T-JHM88540/JHM88513 NTN | 30 | 72 | 27.783 |
| 4T-14117A/14276 NTN | 30 | 69.012 | 19.583 |