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The eBearing News
November 26, 2004
Wafangdian Reports Rapidly
Rising Sales and Profits
copyright © 2004 eBearing Inc.
Wafangdian Bearing Group Corp. (Wafangdian, China) reported sales for the year, through October 2004, up
sharply as profits and margins also picked up.
Sales through October were up 49% from 2003. Export sales increased 66%, while overall operating
margin improved by 35%.
Established in 1938, Wafangdian is one of China's largest bearing manufacturers, producing ball
and roller bearings, ball screws, universal joints and high-precision bearings, all under the ZWZ brand.
Recently, Wafangdian won contracts to supply a Chinese government-run steelmaker with rolling
mill bearings, beating out an unspecified overseas competitor -- reportedly SKF.
Chairman Wang Lu Shun said Wafangdian is working hard to increase production capacity to
keep pace with the high level of incoming orders. The improvements, he said, credit, "members of
the Communist Party and model workers."
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- by Bruce A. Carr
from individual research,
tips and commercial sources.
Bruce Carr edited this content.
Copyrighted material; unauthorized reproduction prohibited.
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eBearing.com ... for everything that moves™
Entire contents Copyright © 1999-2011, eBearing Inc. All rights reserved.
eBearing.com and "... for everything that moves" are registered trademarks of eBearing Inc.
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