World Bearing News

Why SMEs in China Bearing Industry Facing Predicament

Resource from: CBCC 26 Oct,2010

The production agglomeration of China bearing industry is not high. There are about 1,400 up-scale bearings enterprises, which mainly gather in Wafangdian in Liaoning Province, Luoyang, Zhejiang, Jiangsu and Shangdong,etc. Gradually the industry clusters have been formed: large and medium bearings are manufactured in Wafangdian region; miniature bearings are manufactured in Jiangsu and Zhejiang Provinces; in Luoyang, extra large bearings and bearings rollers are manufactured; and the bearing parts such as steel balls and cages,etc. are manufactured in Shandong Province. In the 1,400 bearing enterprises, except ZWZ, HRB, LYC, Wanxiang Qianchao, TMB and C&U,etc, the others are all small and medium enterprises(SMEs).

In the period that the economy is developing fast, the enterprises are getting along well, from small to large, from weak to strong. However, in the beginning of 2008, the firestorm of global financial crisis has impacted the most of the bearing enterprises, especially those small and medium enterprises. There are several factors that bring the SMEs in China bearing industry into predicament.

1. The crisis from market
2. The pressure from market competitors
3. Continuously facing up the risk of the break of capital chain
4. The skilled manpower is in short supply
5. The technology is relatively laggard
6. The quality conscious is stupefied
7. The labour cost is increasing
8. The human resource is not steady
9. The price of raw material is fluctuating
10. The pressure from the fluctuation of exchange rate
11. Weak Management

(CBCC)

(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.

Previous: China's Largest Aerospace Precision Bearing was Manufactured by Anshan Iron & Steel Bearing Co., Ltd

Next: Wafangdian Bearing Co., Ltd is the Leading Enterprise in China by its Innovation

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.