China's leading enterprises in the manufacturing sector bearing Wafangdian Bearing Group (ZWZ) announced the formation of 16 in Mumbai,cast bronze India ZWZ, and plans to build two to three years in India, a complete manufacturing base.
ZWZ vice president Yang Chao said that expanding into India is an important part of our global strategy, the Group's operations in the Indian market will be concentrated in sales and production of large bearings, service iron and steel,bronze bushing mining, petroleum, and cement and other major fan equipment manufacturing industry.
Chao said: "The rapid development of the Indian market is ZWZ the most important long-term strategic markets,dry bushing the Group has a long consideration of the Indian market and plans to build ZWZ India is the first step in long-term strategy that the Group India's determination to achieve our ultimate goal is to maximize manufacturing and services close to the Indian market. "
plain bearing Chao believes that India and China, the market demand and structure similar to, there will be rapid development, while the large bearing is ZWZ strengths and rely on imports for the Indian market, the group in the product price and delivery time has an advantage.
Chao said ZWZ strategy has shifted to the international market, the Indian company is the second in Cologne,sleeve bushing Germany's second overseas after the business entity.
ZWZ Dahl,DU bushing vice president of India said that as the Group's products are sold in many countries can not make a major investment in each country, focusing on investment in the Indian market can cover other countries in Southeast Asia and South Asia, bushing as an export base.
Currently, ZWZ 5,000 Indian companies will provide industrial bearings, and ultimately provide 15,000 kinds of bearings,brass bushing to achieve 50 billion rupees (1 U.S. dollar equals 45.4 rupees) sales revenue, and plans to provide other Indian bearing gas supply chain solution.
It is understood that ZWZ founded in 1938, brass bushing is the overall strength of the establishment of the earliest and strongest bearings manufacturer in the world, ranked seventh in the same industry, the Group has 22 production bases in China, products are sold more than 80 countries,plasic bushing this year sales expected to reach 6.6 billion yuan, and plans to reach 200 billion yuan within three years.