Recently, the SKF Group of Sweden, one of the world top 500 enterprises as well as the biggest bearing manufacture and sales enterprise in the world, acquired the 100% stake of Changshan Peer Bearing Co., Ltd. (including the bearing manufacture and processing part of Jingmi Group) and the Rayong Production Base in Thailand, bringing the good news for adjustment and upgrading of the bearing industry in Changshan County.
Currently, there are 75 bearing manufacture and processing enterprises registered at the industrial and commercial administrative department in this county and among them there are 29 enterprises above the designated size. Last year, the bearing output reached up to 52.39 million sets with a 29.8% year-on-year increase and the output value reached up to 1.08 billion RMB Yuan. According to industrial insiders, the entering of SKF Group will promote other outstanding bearing enterprises in the county to transform from large-scale production to scientific and technological production, increase the technological content of products, enhance the grade of products and consequently occupy the high-end markets.
Source: Quzhou Foreign Trade & Economic Cooperation Bureau
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