China's Bearing Township Pro West: Small Bearings Turn Big World

The bearing industry has circulated that “as long as the earth rotates, bearings are indispensable.” On November 8, the author walked into Linxi County, Xingtai City, known as “the hometown of China's bearings”, and explored and changed the characteristics of the industry.

According to reports, the bearing industry has become a pillar industry in Linxi County. Up till now, the fixed assets of the county's bearing industry have reached 2.42 billion yuan, employing more than 60,000 people and 386 bearing-scale enterprises, of which annual sales revenue is more than 100 million yuan. Of the 6 homes, 26 were over 50 million. Can produce 0 to 9 types of more than 1260 bearings. Local people proudly told the author: "There are no bearings that cannot be bought here."

Lin Xixian County Chief Zhang Xijun introduced that in 2010, Linxi County produced 680 million sets of various types of bearings, which accounted for 17% of the country’s total output. The export of carbon steel bearings accounted for 78% of the total export volume of similar products in the country, and the county’s bearing operating revenue was 8.43 billion yuan. Achieved an added value of 2.108 billion yuan, and achieved 1.433 billion yuan in profits and taxes.

Zhang Xijun said that Linxi has the largest bearing trade business market in North China, Linxi China Bearing World. Since its opening in May 2002, it has attracted major domestic and foreign bearing manufacturers to enter and operate. Harbin, Wafangdian, Luoyang, Chongqing, and other major bearing manufacturers in the country have established consignment sales and direct sales outlets here. More than 2,000 merchants have entered the market. Annual turnover of more than 4.6 billion yuan. "The 580-acre bearing World B area is under intense planning and construction. By then, China Bearing World will become the country's leading bearing market." Zhang Xijun said.

While expanding the domestic market, Linxi County's bearing industry has also accelerated the pace of internationalization. It is understood that at present, the county has 46 export companies, more than 100 kinds of products exported to Europe and the United States, Southeast Asia, South Africa and more than 50 countries and regions. According to statistics, Linxi Bearing achieved export value of 380 million yuan in exports in 2010, and earned 11.99 million US dollars in export earnings, of which carbon steel bearing products earned foreign exchange through exports of 4.28 million US dollars, accounting for 78% of the total exports of similar products in the country.

It is also understood that on the 18th of this month, Linxi County will hold the "China's First West Bearing Festival and International Bearing Exhibition Center Celebration Ceremony." At that time, well-known domestic and foreign bearing companies and brand-name products, Linxi's brand-name bearing companies and brand-name products Will be on display.