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Yokogawa Bearing forms innovation-based and shared industrial chain
Time: 2020- 09- 08 15: 10 Browse: 信息来源: 慈溪市人民政府网站

Huanchi Bearing Group saw a 36.60% rise in profits despite a 7.03% dip in sales in the first seven months of 2020, a period of a slack economy due to COVID-19. The profit gain was a combined result of the cooperation and sharing of industrial chains and last year’s over 50m yuan spending in automation and intelligence to cut costs and improve qualities, efficiency and global competitiveness, according to the Group’s chairman Hu Chenjiang.

Currently, 95% of the Group’s brands are self-owned and its “HCH” trademark has been registered in more than 50 countries abroad. The HCH precision bearing is a famous brand of Zhejiang province and of exporting in Zhejiang; it’s also among the first batch of the “Quality Zhejiang product”. The export volume of its deep-groove ball bearing tops in China with a sale of 1.5bn yuan last year. Driven by Huanchi Bearing Group, more than 60 supporting enterprises selling bearing rings, cages, dustproof covers, sealing rings, packaging, equipment and equipment accessories have boosted the local annual output value to 200 million yuan.

Amid the pandemic, Cixing Bearing Group was confronted with a severe challenge of a slash in global orders as its main customers, 10 global auto brands, were shut down on March 3rd. The Group started to resume its production in July and went back to normal production in September with a monthly production of car bearings selling 80 to 90 million yuan.

Speaking of how to coordinate epidemic response with being the world name card of Chinese bearing, Hu Xiangen, president and CEO of Cixing Bearing Group, voiced with confidence, “Chance favors only the prepared mind who can turn a crisis into opportunities. Intelligent manufacturing, global market expanse, innovation leading are our shields against the epidemic. And I insist these will give us an advantage in the future of the global industry restructuring.” Led by innovation, the Group also work with other businesses to drive industry sharing. Nowadays, Cixi Chunchao Seal Co., Ltd., Ningbo Donghuang Bearing Group and Ningbo Beishili Electromechanical are all Cixing Bearing Group’s purveyors of accessories and equipment.

Every crisis beckons new opportunities, by which self-innovated industry leaders always spearhead in making breakthroughs.

Huanchi high-end products drive the upgrading of the high-end market. Targeting the global market with self-owned brands and competing with eight famous global bearing brands, Huanchi Bearing Group has won hundreds of international high-end customers in home appliances, automobiles, motors and garden tools. The Group is also speeding up its shift to automobile gear box, clutch, director, starter and wiper areas so as to upgrade the supporting industry level. From a world-class mid and high-end bearing manufacturing base to a world-class elite one, Huanchi Bearing Group is now conducting its strategic cooperation with world famous brands. In the ensuing three to five years, another Chinese leading player like Huanchi would take shape.

Cixing Bearing Group is a pacesetter for innovation and a sharerof upgrading technologies.At present, 70% of the Group’s products are exported of which 70% go to high-end automobile bearings such as BMW, Mercedes-Benz, Chrysler and Ford.The Group compete with the world famous bearing enterprises with products of the same quality and price. Headquartered in Ningbo High-tech zone, Cixing Bearing Group also has manufacturing bases in Jiangsu and Anhui Province respectively with a combined annual sales of 2bn yuan.

“The transformation of leading businesses sets the direction and charts the course for the industry”, said Hu Jiqiang, president of Yokogawa Bearing Industry Association and general manager of Donghuang Bearing Group.In the past decade, he has made great efforts in leading the company to explore in automatic assembly and detection of bearing intelligent equipment, and introducing an automaticbearing assembly project created by talents, a project listed asthe 2016 Shanglin Talent Project.

Hu Lingli, general manager of Beshili, said,“Cixing Bearing Group helps our company to become a domestic leader in energy-saving and environment-friendly high-speed motorized spindle series in a decade.” Beshili’s high-speed motorized spindle, 5,000 to 12,000 yuan per set,has replaced the German’s 200,000 yuan per set. It also obtained two invention patents.In 2010, Beshili took the lead in supporting the core parts of precision mold bed for Cixing Bearing Group’s automobile bearing production line and nowadays it has already provided 700-800 sets. What’s more, the company has supplied supporting bearing equipment to many famous enterprises in Cixi city with an annual output of thousands of sets.

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