China Ningxia Bearing Industry Supply-Demand Matchmaking Event Attracts Over 50 Enterprises

On October 31st, a supply and demand matchmaking event for the bearing industry in Ningxia was held in Yinchuan, attracting more than 50 well-known enterprises from both inside and outside the region, including PetroChina Changqing Oilfield, Guoneng Ningxia Power, and Zhongman Petroleum Equipment. At the meeting, 10 companies, including Northwest Bearing, Schaeffler, and Yinchuan Special Bearing, established a "High-end Bearing Innovation Consortium." Three companies signed a procurement agreement worth 75 million yuan with Northwest Bearing, effectively promoting precise matching within the bearing industry chain and jointly ushering in a new era of prosperity for Ningxia's bearing industry. Lu Jizhi, Deputy Director of the Department of Industry and Information Technology of Ningxia Autonomous Region, attended and delivered a speech.

Lu Jizhi explained that the bearing industry, as a "joint" of the equipment manufacturing industry, has become a new fulcrum for upgrading high-end equipment manufacturing and connecting the industrial chain. Our district has promoted the steady development of the bearing industry by increasing support in areas such as technological transformation and industrial innovation. Currently, the bearing industry in our district has formed a complete industrial system from R&D and design to production and manufacturing, capable of manufacturing nine major categories and a full range of bearing products, providing reliable support for the development of industries such as power, petroleum, and transportation nationwide. Next, our department will strengthen factor support, promote enterprise project construction and supply chain extension; organize enterprises to expand cooperation opportunities, stimulating their confidence and internal driving force; conduct key core technology challenge-based research to improve product quality and enterprise competitiveness; carry out in-depth technological transformation to enhance the intelligent and green development level of enterprises; and assign dedicated personnel to solve bottlenecks and difficulties in industrial collaboration, ensuring efficient and smooth supply and demand matching throughout the district.

This bearing industry supply and demand matching event is a microcosm of the district's overall supply and demand matching efforts. Since the beginning of this year, the industrial and information technology system has thoroughly implemented the decisions and plans of the Party Committee and government of the autonomous region, and carried out the "Year of Tackling Key Issues for Stabilizing Growth and Promoting Development" campaign. It has organized 85 special events, including green power industrial parks, special matchmaking events for Xinjiang coal entering Ningxia, special matchmaking events for water conservancy projects and spring plowing and sowing, and the "Ningxia Tour" for national food, pharmaceutical, and chemical new materials. These events have facilitated 671 cooperation agreements with a total value of 40.2 billion yuan, involving more than 3,000 enterprises and effectively ensuring the steady growth of the industrial economy.