Western Miniature
Bearing Industry Developments At Home And Abroad
Changing the world bearing the economy, reflecting the countries of the world bearings (miniature bearings) Industry dramatic ups and downs, the world bearing the economy started to recover from 1983 to 1989, has experienced the longest since World War II boom. Into the nineties since the US-led bearings (miniature bearings) economic recession in Western Europe and Japan are also bearing the economic stagnation, the Japanese bearing industry in 1992 with annual sales of 5,200 billion yen, compared with 8.4% decrease in 1991, Sweden’s SKF Bearing Group, in 1991 a turnover of 26.3 billion kronor, compared with 1990 a decrease of 14 million kroner (about 240 million U.S. dollars) decreased by 5.3%.
German FAG Bearing Group, 1992 sales of 3.5 billion marks, compared with 8.2% decrease in 1991, the annual loss of 430 million marks, in this difficult situation, FAG Group’s leadership was forced to reshuffle has also decided to sell metering technology companies, textile spare parts companies, in order to concentrate their efforts on improving bearings (miniature bearings) operations. FAG, Germany and Sweden, SKF to ride out the storm also laid off more than 10000 workers.
USA 1992 annual sales of 3.78 billion U.S. dollars, when the fiscal deficit of 2.3 billion U.S. dollars, in the world bearing the economic downturn, the situation is still the worst in Eastern Europe and CIS countries, which are mostly bearing industry continues to decline, for a moment, do not see signs of rapid recovery in the near future a large bearing some Western companies will sell a number of bearings (miniature bearing) plant
The world bearing market has hit rock bottom, competition is very intense, national bearing industry for its own survival and development are struggling and hard work.
Bearings in the world economy continues to soften and decay of the difficult environment, China’s bearing industry by adjusting the product structure, and transformation of operational mechanisms, have gone through the most difficult ever in 1993, after industry-wide trade union efforts to satisfactorily complete the various economic indicators. According to statistics, in 1993, bearing the industry plans to produce 668 million units, the actual completion of 573 million units, cut 8.49 percent, of which 79 key enterprises, the backbone of industrial output value 5.4 billion, an increase of 5.3% compared with 92, a total profit of 410 million yuan to complete more than 92 years decreased by 2.4%, 3.6% 100 million to complete bearing production units, a decrease of 7.9% compared with 92, finished product inventory of 127 million units, an increase of 17.8% compared with 92, finished product inventory amount of 1.25 billion, an increase of 38 over 92 %. Exports of 173 million sets of bearings, an increase of 14.3%, exports 147 million U.S. dollars, increased by 2.2%, imports of 104 million sets of bearings, increasing 6.1%, imports 98.92 million U.S. dollars, decreased by 2.6%, 79 key 12 key enterprises have a loss of accounted for 15%, general bearing oversupply has become a buyer’s market.
The recently concluded national conference there are 500 orders bearing bearing plants, companies to participate, but only to the 50 users, 10 for the side orders for around a demand-side fight. Since 1993, the country’s macroeconomic situation, impact on our industry is both a difficult one, but also accept the challenge of the year, funding constraints, shortage of raw materials increased, the normal production and business operations untenable. Production and operation of the face of very serious situation, many companies promptly adjust business strategy and focus of efforts to adapt to the changes in the market economy, and actively from the internal revenue maximization, a better way to complete the task. Bearing the economic difficulties in the near future the situation will not soon change, we must be fully prepared for, a sense of urgency, we should actively develop measures to overcome difficulties, enhance confidence and efforts to strive for good results.
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