Date: 2013-08-01

Wanxiang QianChao Plan To Become the Leader of International Rolling Element Industry

Wanxiang QianChao Plan To Become the Leader of International Rolling Element Industry

As a leading enterprise in auto aftermarket industry, Wanxiang QianChao cooperated with SOJITZ(Jap) and plan to be the leader of international rolling element industry.

First, a win-win cooperation has been formed. A joint venture, Hangzhou QianChao Precision Equipment Co.,Ltd, has been founded by Wanxiang and SOJITZ. In this new company, 75 percent of the registered capital came from Wanxiang and SOJITZ took the other 25 percent. SOJITZ, the former NICHIMEN, is also a powerful company in Japan and one of the World Top 500. It has been operating for nearly 110 years. In april 2003, NICHIMEN and Nissho Iwai who is also one of the World Top 500 formed a joint venture, named SOJITZ. Wanxiang QianChao, a subsidiary of Wanxiang Group, is also a famous rolling element manufacturer in China.

Second, the profitability of this new joint venture are expected to increase. In accordance with the study report of related department, the products of this new formed joint venture will be high value-added and high tech items. So these products will guarantee the company's profit.

Third, expedite Wanxiang's Three-step development strategy. Long long time ago, Wanxiang Group has set a three-step strategy: First, building a global manufacturing center of auto aftermarket products; Second, becoming integrated module supplier of system components; Third, bringing Wanxiang Group more in line with the international practice. The joint venture's founding is part of Wanxiang Group's strategy of capital operation and acquisition. In future, this strategy of Wanxiang Group will be implemented as soon as possible.





About Wanxiang Group

Previous: SKF AB Acquires Majority Stake In SKF India Ltd.
Next: Expanded stores allow stock to keep up with sales

Hot Products:

Product Model	Inside Diameter	Outside Diameter	Thickness
YT2620 IKO	26	34	20
YT2616 IKO	26	34	16

【TradeBearings News Statement】

1.The news above mentioned with detailed source are from internet.We are trying our best to assure they are accurate ,timely and safe so as to let bearing users and sellers read more related info.However, it doesn't mean we agree with any point of view referred in above contents and we are not responsible for the authenticity. If you want to publish the news,please note the source and you will be legally responsible for the news published.
2.All news edited and translated by us are specially noted the source"TradeBearings".
3.For investors,please be cautious for all news.We don't bear any damage brought by late and inaccurate news.
4.If the news we published involves copyright of yours,just let us know.