Shandong Yimeng Refocuses on Large and Specialty Bearings
Resource from: CBCC Likes:2969
Apr 04,2005
Shandong Yimeng Bearing Co. Ltd. (YBC, Shandong Province, China) said it has refocused its business to concentrate on supplying automotive and larger bearing sizes to auto and truck manufacturers in China.
From its founding in 1998 through 2002, YBC had primarily been involved in manufacturing ball bearings in the ultra-competitive small and medium sizes for automotive applications. The company is ISO9002 and QS9000 certified and markets its bearings under the YM brand.
However, YBC said they found the profits at the low end of the market were not enough to warrant further investment or marketing effort. Moving into the next larger sizes of ball bearings, and adding roller bearings, was a project undertaken with the assistance of the state-run Luoyang Bearing Research Center.
As YBC shifted production away from commodity small size ball bearings, sales and profits improved. High-volume sales to auto and truck manufacturers in China helped achieve volume cost savings.
The company has now begun to aggressively shift even further, to large ball and roller bearings for medium and heavy trucks. In 2004, large truck sizes were almost a third of overall production.
Over the coming year, YBC said it is focusing on improving productivity, throughput, and studying the possibility of financing its growth by floating an additional equity offering to lure foreign investors.
Currently, YBC said its Shandong facility's production capacity stands at 10 million bearings per year.
Other bearing manufacturers in China have been following the same track as YBC, moving away from commodity ball bearings and even from competitive automotive sizes, to large truck, industrial and rail bearings. Also, the companies that can afford to are gradually shifting production away from ball bearings to roller bearings, and value-added and specialty bearings.
()
【CBCC 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"CBCC".
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.
BRIEF INTRODUCTION
Cnbearing is the No.1 bearing inquiry system and information service in China, dedicated to helping all bearing users and sellers throughout the world.
Cnbearing is supported by China National Bearing Industry Association, whose operation online is charged by China Bearing Unisun Tech. Co., Ltd.
China Bearing Unisun Tech. Co., Ltd owns all the rights. Since 2000, over 3,000 companies have been registered and enjoyed the company' s complete skillful service, which ranking many aspects in bearing industry at home and abroad with the most authority practical devices in China.
