2010 Top 10 News in Chinese Bearing Industry

In 2010, the Chinese bearing industry has brilliant achievements. For the large bearing companies in China, it was a banner year. The running to moon of Chang E 2 satellite created chance for the high end bearing products to show up; the development of automobile industry added stimulant to bearing industry; the flourish of wind power industry foster the confidence of bearing enterprises even more. Each of the top 10 news in bearing industry in 2010 is worthy of consideration.

1. The largest private enterprise in Yinchuan---Ningxia Baota Petrochemical Group reconstructed and became the first shareholder of Xibei Bearing Co., Ltd, holding 20% shares of this company.

2.Six new bearing products of HRB Group boosted the key system of Chang E 2 satellite.

3.The "New LYC Project" of LYC Bearing Company has been successfully completed and "the Second time to Start a Venture" strided a new step.

4.Wafangdian Bearing Group (ZWZ) announced the establishment of its Indian branch---ZWZ Bearings India Pvt. Ltd. and launched Indian bearing market.

5. World Bearing Association (WBA) has launched an awareness campaign to inform about safety hazards arising from counterfeit bearings.

6.Revitalizing Solution for Machinery Basic Parts Industry was issued.

7.The working meeting of constituting the "Twelfth Five-Year Plan" in bearing industry was held.

8.Zhuji City put forward Alliance Standard for bearing shell industry and drafted the bearing shell block alliance standard.

9.Volvo was recalling 64,000 cars for the ball socket problem.

10.Xinchang county won the title of "China Bearing County" issued by China Machinery Industry Federation.