The second "SelectUSA Investment Summitt" was held in Maryland from March 23 to 24, 2015. President Barack Obama, Commerce Secretary Penny Pritzker, Secretary of State John Kerry and other important cabinet officials attended the meeting and delivered speeches. More than 2,600 people from more than 70 markets including president of C&U Group Zhang Tongsheng and president of C&U USA Inc Zhou Xianliang participated the event.
To better serve the North American market with high-end automotive and industrial bearings, C&U Group set up the C&U USA Inc in Michigan. Currently, the automotive bearing products manufactured there have been delivered in batches to Ford, GM and other hosting customers, and the industrial bearing products have been provided to GE, WARNER, CARRIER, NIDEC, TOSHIBA and other well-known clients in North America.
C&U USA Inc now has 30 local employees, and the sales revenue in 2014 was 200 million yuan.
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