ZWZ To Enter Top 500 In China Machinery Industry
Resource from: CBCC Likes:2994
Nov 24,2005
The top 500 enterprises in China machinery industry were announced at Great Hall of the People in Beijing recently. WZW was honored with this title. This conference was hosted by CMMA (China Machinery Enterprise Management Association), and sponsored by WEL (World Enterprise Lab) and Research Institute of Machinery Industry Economic &Management, and undertook by World executive weekly and National Machinery Network.
Focusing on innovation and reconstruction, ZWZ ranked first in many aspects in China bearing industry in recent years, including key performance indicators, the number products with independent intellectual property, development &research ability and market share of its core products. Furthermore, 12 of its achievements were listed into China Enterprise New record. In bearing industry, ZWZ was the first “China famous trademark” authorized by State Administration for Industry and Commerce, Trademark Dept. As the leading bearing enterprise in china, ZWZ has made a great contribution to the domestic bearing development.
This top 500 activity was initially held in 2003 and this was the third time. Based on the analyses and comparison of the accumulating data for years, this top 500 activity can directly reflect the latest development in machinery industry and real status quo, which played a significant role in accelerating machinery development, strengthening competition, enhancing efficiency and facilitating the international exchange &cooperation.
The sales of these top 500 enterprises totaled RMB1664.178 billion in 2005, up 21.7% year-on-year. The profit reached RMB130.820 billion and assets totaled RMB160.249 billion, which indicated that a rapid development and high economic efficiency were achieved in overall machinery industry.
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