Changes in China Bearing Industry in Recent Years
Private Enterprises Developed Quickly
Statisticly, the amount ratio between state-run enterprise, private enterprise and foreign funded enterpirse had reached 2:2:1 in 2002; and in 2004 the ratio had become 5:11:4 . According to Mr.Zhen ruchen, vice president of China Bearing Industry Association, private enterprises has become the main force in China bearing industry.
From Jan. to April this year, over 80 percent of the operating margin of the whole China bearing industry was from private enterprises. C&U Group, Wanxiang Group and TMB(Zhejiang Tianma Bearing Co.,Ltd) can be regarded as the leading private enterprises in China bearing industry.
State-run Enterprises were Seriously Polarized
The state-run enterprise ZWZ and HRB developed smoothly, keeping ahead other enterprises. But LYC and Xiangyang automobile bearing Co.,Ltd etc had been acquired by others.
Foreign Enterprises Began to Build Technical Center in China
In past, foreign enterprises only built manufacturing plant in China; in recent years, all the foreign enterprises who had invested in China before began to build technical center here. By this way, they can react to the special requirements of China's consumers and developed the very products as soon as possible. For example, Schaeffler Group(INA/FAG) had announced that they will invest about
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