Wazhou Group's sales revenue is expected to exceed 7 billion this year

From the beginning of the year to now, almost all production lines of the Wazhou Group have been in full production. In January, the company’s sales revenue and order contracts exceeded the 200 million yuan mark, a 100% increase over the same period last year, setting a new record for history. During the Spring Festival, in order to meet market demand, thousands of cadre employees of Wazhou Group still adhere to the production line.

The hot production of the tile axis is not all the credit for the market warming but it has brought new market opportunities to enterprises through the adjustment of product structure. In the first half of this year, orders that accounted for more than 50% of orders for technological transformation and product adjustment in the past two years.

At the beginning of 2009, due to the impact of the international financial crisis, market orders were insufficient. The market of auto bearings, machine tools, general bearings and export bearings fell drastically, and the production of railway wagon bearings basically stopped production. In the face of the severe international financial crisis, the advantages of speeding up the transformation and structural adjustment of the tile shaft have fully emerged in recent years. A number of new products with strong competitiveness have been put into high-end markets one after another. The orders for automotive bearings, major equipment bearings, and wind power series bearing products continued to increase. In 2009, the number of corporate wind power bearings increased twice, and large-scale equipment bearings increased by 35%. 200,000 tons pelletizer multi-joint bearings, new direct-drive fan spindle bearings and other high-end products continue to be put on the market, demonstrating the scale effect of batch substitution of imports and occupation of high-end market. At present, Wazhou Group has become the sole supplier of the largest domestic wind turbine manufacturing companies, and the cooperation with Siemens and other Fortune 500 companies also makes Wanda shafts participate in the global competition more extensive marketing network.

In 2010, the income from the Wazhou axis will exceed 7 billion yuan, and the growth rate, profitability, and development of new products will all exceed 30%. Wazhou Group will continue to make great efforts to adjust the product structure, so that more than 90% of the company's products are capable of international competition and can participate in international engineering project bidding.

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