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China sets road map for bearing industry

(chinadaily.com.cn)
Updated: 2007-05-31 14:02

Special coverage: Auto Shanghai 2007
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The Chinese government has set several goals for its bearing industry to meet in the11th Five-Year Program(2006-2010).

By 2010, China will have an annual output of 15,000 kinds and eight billion units of bearings. Meanwhile, the total sales are projected to be 84 billion yuan (US$11 billion) per year and the industrial added value will rise to 25.2 billion yuan (US$3.3 billion).

By the end of the 11th Five-Year Program, China will have two to three large bearing manufacturing groups with annual sales of more than five billion yuan (US$653.4 million) each, 10 smaller ones with over one billion (US$130.7 million) and 20 specialized ones with 300 million yuan (US$39.2 million). 

Also, six to eight special bases for producing bearing parts will be built up and the industrial consolidation will reach 60 percent then.

...

The full text is available in the May Issue ofAutoChina.