HRB Bearing Join Hands with American Enterprise to Produce High-end Bearings for European and American High-end Market

Resource from: CBCC Likes:2986

Aug 08,2012

Recently, Harbin Bearing Group signed an agreement with an American enterprise on establishment of Harbin Bearing Automobile Co., Ltd. with the combined investment of USD 30 million. The new company will produce the third generation automotive wheel bearing for marketing European and American high-end market. As an important carload and rotation spare part, wheel bearing are known to be mainly used at both ends of automobile axles for undertaking weight and provide an accurate guide for undertaking weight and wheel hub rotation. The American enterprise will offer product design, process and quality control, technical support and sales support for the third generation automotive wheel bearing produced by Harbin Bearing Automobile Co., Ltd. The products will be in compliance with the U.S. engineers SAE standard. It is reported that the new firm will settle in the new plant within Limin Development Zone of Harbin Bearing Group and it will be started construction in september this year. With construction area of 11,000 square meters, the company will annually produce 5 million sets of automotive wheel bearings from the first to third generation with an annual value of RMB 600 million. Besides domestic high-end market, the product will also be sold in the European and American markets.

(CBCC)

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