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Date: 2013-07-31

ZWZ Innovated 80% of its Products that Used as Substitutes for Imported Goods

In the first quarter of this year, most domestic bearing enterprises have received less orders due to the further increase of uncertainties in the domestic bearing market, especially the scant demand of supporting products in the hosting industry; what's worse, as a batch of new or expanding projects are being successively put into operation, the problem of overcapacity in the bearing market became even worse and boosted the emergence of excessive competition. However, in face of difficult situation, Wafangdian Bearing Group Corporation make way for development by pointing its sword at high-end technologies, and continuously yields in batch many high-end products including the high-precision hot and cold continuous rolling bearings for the steel industry, the overloaded high-precision spindle bearings for precision CNC machine tools, and the high-precision CT machine bearing for the medical industry, with its business income and export value 13.4% and 20% increased respectively compared with the same period last year.

Currently, ZWZ has established the stable strategic and cooperative partnership with nearly 300 domestic key enterprise, such as Baosteel, Anshan Iron and Steel Company, China National Heavy Duty Truck, FAW, Sinovel, etc. In terms of the construction of foreign markets, the oversize wind power bearings, major equipment bearings, etc. produced by ZWZ have entered the U.S. and German markets.


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