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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.

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The full text is available in the May Issue ofAutoChina.