because of ball bearing the contradictions and problems in developing the way

As a key part in the equipment manufacturing industry and the national economy of strategic materials , China's bearing industry after sixty years of sustained and rapid development, has become the bearing production and sales ranked the world's third largest producer of bearings . However, because of the contradictions and problems in developing the way , industry structure , innovation and brand building , the production of Bearing test machine  overall level of performance and quality is not high , big but not strong bearing industry , high-end products bearing is mainly dependent on imports, compared with the world powers exists a wide gap between the bearing .
As China's bearing industry first A -share listed companies, has been China Northwest bearing large, large petrochemical machinery, metallurgical and mining machinery, engineering machinery Precision bearing  key enterprises. In recent years , due to funding constraints , no large scale technical transformation investment fell sharply position in the industry . In addition , the company in recent years, the high debt ratio, lower profitability, working capital tense. After careful research, the decision Northwest bearing non-public offering of shares , for the construction of high-end bearings project , adding that the company working capital to expand production capacity, optimize the product structure , improve the company's operating conditions . If successful implementation of the project , Northwest bearing will also be able to promote some high-end products bearing the localization of China's bearing industry contribute to stronger force