Growing economies of scale

In reviewing the four years of development, Zhang walk on stilts who said that in 2005 to 2008 in four years, industry sales revenue and bearing all the average yield increase 18.52% and 19.52%, to achieve the industry's rapid growth.
    In 2008, China's exports amounted to 3.39 billion sets of bearings, an increase of 2.75% over last year; exports worth $ 2.97 billion, an increase over the previous year 38.07%; imports angular contact ball bearing 1.58 billion units, 0.73% lower than the previous year; use of foreign exchange $ 2.69 billion, an increase of 24.99% over the previous year. Trade surplus reached $ 280 million, a record high.
    Types of enterprises in various economic sectors have developed rapidly in Wazhou represented by large state-owned enterprises maintained a strong momentum of development, become the backbone of the backbone of the industry to Pegasus, the influx of money, the people as represented by the rapid development of private enterprises . The end of 2008, industry-wide state-owned, private, foreign-funded enterprises proportion of 14:66:20, the proportion of private enterprises increased by 16 percentage points, to become a vital force in the industry.
    Cluster trend more apparent
    Zhang walk on stilts who said in recent years, China's bearing industry has gradually formed a regional development, characteristics, capacity and product level, professional collaboration is further improved. To the end of last year, the entire industry the main business income of over a hundred million enterprises reached 114, 66 more than in 2005 increased by 48, to complete the main business income of 55.55 billion yuan, 27.7 billion yuan more than doubled, accounting for the entire industry rose from 61% in 2005, increased to 63.13%.
    The typical areas of Liaoning Wafangdian major equipment class bearings, Luoyang Bearing and spare parts production and research clusters, Zhejiang precision small bearings, needle roller bearings and bearing in Jiangsu and Zhejiang bearing equipment blanks, Shandong Liaocheng bearing frame and so on.
   Among them, Wafangdian was awarded the "China bearing capital" title; successful implementation of Luoyang Bearing Group Corporation policy bankruptcy, composition Luoyang LYC Bearing Co., restructuring after the transformation of the reform in 2008 the main business revenue reached 3.32 billion yuan more than doubled in 2005 to 1.62 billion yuan.