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The eBearing News
September 17, 2004
Wanxiang Acquires More
Bearing Manufacturing Equipment
copyright © 2004 eBearing Inc.
Karolin Machine Tool AB (KMT, Sweden) reported its Lidkoping Machine Tools subsidiary received
two recent large orders from Wanxiang Group (China).
Lidkoping said Wanxiang bought complete, integrated systems to produce automotive hub bearing units,
integrating all of the steps from "hands-off" materials transport to grinding to gauging.
One set of equipment is already scheduled to come online in 2004, while the second set is scheduled
for delivery and installation in early 2005.
Lidkoping said these are the second and third integrated hub manufacturing systems Wanxiang
has purchased from them in the past year.
Wanxiang is a key Chinese manufacturer of ball and roller bearings, hub units, universal joints
and CV joints. The company has OEM and aftermarket customers around the world.
Johan Westberg, Lidkoping's President, said, "The Chinese market is very important for Lidkoping and
this order strengthens our position further in China."
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- by Bruce A. Carr
from individual research,
tips and commercial sources.
Copyrighted material; unauthorized reproduction prohibited.
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