Subscribe to RSS
UnitedStates Germany Russia India Turkey SouthAfrica England Netherlands Philippines Belgium Australia Brazil Spain China Kore

Demand for bearings in China domestic market falls

This week CBIA (China Bearing Industry Association) released the results of the bearing industry in China in the first half of 2012. These data show that, due to falling demand growth slowing corporate profits, and inventory levels increased significantly.

Chinese Yen

In the 1st half of this year, China’s bearing industry, analysts say, hesitated at the bottom. Largest bearing company reported a decline in sales and income. For example, a large manufacturer of bearings Xiangyang automobile bearing Co., Ltd (brand ZXY) reported a net loss of 700 million yuan for the first two quarters, while Zhejiang Tianma Bearing Co., Ltd. (trademark TMB), many financial indicators collapsed by up to 50%

According to the CBIA, in the first half of this year, total gross profit national manufacturers of bearings has reached 1.45 billion yuan, a decrease compared with the same period last year to 41.87%, while inventories increased from 4.7 billion yuan to 5.23 billion yuan or 11.30%. The main reasons for this situation are called industrial decline and negative trends at the micro and macro level.

We asked to comment on the situation in the domestic market in China bearing Ms. Li *, a representative of one of the Chinese OEM-bearing manufacturers. Here is what she said:

“The country has seen the poor economic situation. Tax cuts, which the government claims it does not help. To get rid of stocks of the companies have already slashed prices. But lower prices with no end we can not, because in the future the money can not produce high-quality bearings and maintain high-quality staff. Large orders are there, but are difficult to load the production lines, leading to increased costs and the cost of all products. We can produce high precision bearings, then repeat what the government agencies, but the demand is zero. Everyone needs  – a low price! “

* The real name and the information  of the company is not identified upon request of Ms. Li.

source: prompk

0 commentsback to post


Add your comment



Other articlesgo to homepage

SKF Ahmedabad: The first bearing factory in India with LEED Gold certification

SKF Ahmedabad: The first bearing factory in India with LEED Gold certification(0)

The newly built bearing factory in Ahmedabad, India was awarded the coveted LEED (Leadership in Energy and Environmental Design) Gold certification by IGBC (India Green Building Council). With this certification, the Ahmedabad factory became the first bearing factory in India to be certified by LEED rating and the third SKF facility across the globe to

Schaeffler unveils concept car for India

Schaeffler unveils concept car for India(0)

Schaeffler, an automotive components manufacturer has unveiled concept car specially designed for Indian driving conditions. Featuring advanced drive train technologies which offers up to 10 per cent reduction in fuel consumption combined with better comfort and driving experience, company said. This concept car is based on subcompact hatchback and shows a range of Schaeffler solutions

NSK Boosts Its Business in Emerging Markets

NSK Boosts Its Business in Emerging Markets(0)

Aiming to Cultivate Demand in the Middle East and Russia through Locally Based Operations Tokyo, Japan, March 7, 2013 – NSK Ltd. (NSK; Headquarters: Tokyo, Japan; President and CEO: Norio Otsuka) announced today that it has established new branches in Saint Petersburg, Russia, and Dubai, United Arab Emirates (UAE), in the Middle East, both of

Automotive sector boost the demand for Bearings in India

Automotive sector boost the demand for Bearings in India(0)

Infrastructure expansion coupled with industrial growth will have a favorable impact on the Indian bearings market. The report begins with an overview of the major macro economic indicators which highlights the present economic scenario prevalent in India. It is followed by an introduction section providing a classification of the Indian bearings market. It also includes

The Eurasian Economic Commission extended the anti-dumping duties on Chinese bearings

The Eurasian Economic Commission extended the anti-dumping duties on Chinese bearings(0)

The Eurasian Economic Commission (ECE) extended the anti-dumping measures on imports of Chinese bearings. The corresponding decision was made boards ECE and published on the official website on December 4. Under this decision, measures to protect the economic interests of the manufacturers of anti-friction bearings in the Customs Union will operate on 17 September 2013.

read more

Contacts and information

Social networks

Most popular categories

Legal Notice

© 2012 BEARING NEWS All rights reserved.