Xibei Petroleum Bearing Annual Capacity Hit 120,000 Sets

Resource from: cbcc-yinx Likes:3022

Nov 17,2006

Xibei Petroleum Bearing Annual Capacity Hit 120,000 Sets Nov.8, Petroleum Machine Bearing Co.,Ltd, formed by Xibei Bearing Group, CSC Bearing and other party, has put into production. Their annual capacity of bearings for petroleum machines are expected to reach 120,000 sets. Xibei Bearing Stock Co.,Ltd is the leader in producing bearings for petroleum machines in China, seizing more than 80 percent of the domestic market shares. 90 percent of such bearings being exported are NXZ ones. With the increasing demand for crude oil, petroleum equipments have become in great demand, which also drive the manufacturers of parts for such equipments. So far in this year, Xibei Bearing have received orders 2.5 times as much as the amount in the same period last year. Xibei Bearing has specialized in producing bearing for petroleum machines for over 30 years, boasting state level technical center, research center and the only institute for such bearings in China, having acquired the core technologies for producing that kind of bearings. In the newly founded Petroleum Machine Bearing Co.,Ltd, Xibei Bearing Stock Co.,Ltd invested RMB14.7 million, accounting for 70 percent of the total investment for the first stage construction.

(cbcc-yinx)

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