JGBR shares intends to acquire the controlling stock in China Feiyan Steel Ball
Recently, Jiangsu Lixing General Steel Ball Co., Ltd. (JGBR) revealed in a midday announcement that the company is planning to acquire the controlling stake of Qingdao Feiyan Lingang Precision Steel Ball Manufacturing Co., Ltd. (referred to as "Feiyan Steel Ball") in cash. This move aims to further expand the company's industrial chain and strengthen its layout in the field of high-end manufacturing. At present, JGBR has had preliminary communication with Feiyan Steel Ball and its major shareholders, and related matters are being actively promoted.
As a company focusing on the manufacture of precision steel balls, Feiyan Steel Ball's core products cover bearing steel balls and stainless steel balls with diameters ranging from 0.5 mm to 12.7 mm. These products are widely used in many fields such as automobiles, aerospace, and precision machinery. Especially in the automotive steering market, Feiyan Steel Ball's performance is particularly outstanding. Its products account for more than 90% of the domestic commercial vehicle and heavy truck markets, and indirectly provide supporting services for internationally renowned brands such as the American Wrangler and Ford pickup. In addition, Feiyan Steel Ball has significant technical advantages in the field of micro steel balls with a diameter of less than 3 mm, and its products occupy an irreplaceable position in both domestic and foreign markets.
JGBR said that this acquisition is an important decision made based on the company's years of technical accumulation and resource integration capabilities in the bearing rolling element industry. By incorporating Feiyan Steel Balls, JGBR will further improve its own industrial chain and enhance its competitiveness in the field of high-end manufacturing. At the same time, this also marks that the company has taken a key step towards expanding into a broader market after years of deep cultivation in the industry.
Industry insiders believe that the technical strength and market position of Feiyan Steel Balls are highly consistent with the strategic development direction of JGBR. This merger and acquisition will not only help the two parties to achieve resource complementarity, but will also bring JGBR a greater market share and technological advantages. In the future, with the gradual advancement of integration, JGBR are expected to occupy a more important position in the high-end manufacturing industry and further consolidate its leading position in the industry.
The specific details of the transaction have not yet been fully disclosed, but JGBR have made it clear that this will be an important measure for the company to carry out strategic layout around the field of high-end manufacturing. With the growing demand for high-precision parts in the global manufacturing industry, this move by JGBR may inject new impetus into its future development.
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.
Next CITIC Heavy Industries and SKF continue a new chapter of cooperation
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.
