company developed " Metro ( light rail ) development and application of bearings " project , if successfully implemented, can promote China's subway cars bearing domestic work , breaking the monopoly of foreign technology , reduce procurement costs and improve the ability to self- repair , revitalize national industry, to promote the development of China's rail transportation equipment manufacturing and upgrades.
Insiders said that before the 1990s, Northwest bearing bearing industry has been one of the national key enterprises , the scale of production in the fourth digit industry . The company plans a total Bearing manufacturer investment of 400 million yuan construction of high-end bearings project construction period of 2 years , the first four years of full production . After completion, the expected sales income 63,000 yuan, net profit of 6,150 million. With the successful implementation of roller bearings the project , Northwest bearing plain bearing products will be phased out , the major resources into high value-added " large , high-speed , precision ," R & D and production of high-end bearings , very in line with national industrial policy , comply with the current economic , policy orientation. This will not only be able to expand its market share in the Northwest bearing production scale and product , help the company to return to the first tier bearing enterprises , but also to promote the overall development and progress of China's bearing industry to some extent
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