XAB Crack Down On Counterfeit Bearings
Resource from: CBCC Likes:2988
Nov 28,2005
Xiangyang Automobile Bearing Co. Ltd (XAB) had made a great achievement in cracking down on fake bearings with the endeavor of all members of Anti-Counterfeiting Working Group in the first ten months this year. It had launched a major new offensive against manufacturers and retailers of counterfeit bearing in China.
It had seized 400 workshops of 120,000 sets of counterfeit ZXY bearings. It is estimated that the seizures are worth in excess of RMB 4.3 million Yuan.
ZXY brand enjoys a high reputation nationwide for its quality and reliability. So some desperate dealers made fraudulent copies of ZXY bearing and sold to customers illegally, which negatively affected the benefit and market image of the company. In order to purify the market and account for more shares in the market, members of Cracking Down on Fake Bearings Office were ordered to 28 provinces, cities and municipalities to take actions to blow against the fake bearing, which was much concerned by every local media. It was reported in many TV stations and had repercussions all over the china.
Moreover, in order to achieve the operation aim, the staff had done much propagating work to build up its honor and the confidence of its distributors, which resulted in the increase of the sales. According to the statistics, the sales form the maintenance market in the first ten months was up to RMB 100 million Yuan, up 46% year-on-year. A month of anti- counterfeit activity in Baotou City, Inner Mongolia brought an increase sales of 40,000 Yuan and seized bearings worth RMB 50,000 Yuan.
Xiangyang Automobile Bearing Co. Ltd
Founded in 1968, the company manufactures bearings under the ZXY brand: constant velocity joints, deep groove ball bearings, needle roller bearings, cylindrical roller bearings, angular contact ball bearings, wheel hub and bearing assemblies, clutch release bearings, thrust ball bearings, air conditioner compressor bearings. In 1993, it became a joint stock traded company and listed on the Shenzhen in 1997.
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