China Bearing Industry Hold a Bright Foreground

Resource from: CBCC Likes:3100

Feb 21,2011

Bearing sold well driven by autamobile popularization Knowing from China Bearing Industry （CBIA）, with the increasing demand of miniature bearings, the output and profit of the whole industry increased as much as 40% compared with lat year. Last year, the entire industry encouraged to promote the development of high-speed rail bearings and large plane bearings. The insiders considered that if it works well, high-speed rail bearings would enhance the future bearing development instead of miniature bearings. With the stimulation of automobile, agricultural machine and home appliances, the miniature bearings demand increased rapidly in 2010. The whole year output might be up to 1.5billion sets, increasing 36.36% compared with the same period last year. The total amount of profit might be up to 6.5billion RMB, increasing 38.3% compared with last year. The experts expressed that the export amount increased a lot due to the miniature bearing products approaching international level with the development of bearing industry in recent years. And the miniature bearings had taken up a stable part of international market. It is found that most of the the local manufactures including listed companies produced miniature and small and medium bearings while the big and medium size only held less than 3%. HSR market will be the new orientation for bearing industry The expert also indicated that driven by high-speed rail, the bearing industry had a pretty bright foreground. The insiders expressed that, if everything goes well, the high speed rail bearings will be equipped well by homemade ones. Mr Shixun, the analyst from Hong Yuan Securities, thought that it meant the high-speed bearing market will reach 2 billion yuan in the next three years, and There will be a large room for chinese bearings to replace overseas brand bearings

(CBCC)

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