Although Wafangdian has many of the first and best in the bearing industry, it is only in the domestic context that if it is placed in the international market, it will show a lack of strength.
China is a big bearing country, but it is not a bearing power. Wafangdian more than 700 bearing companies in 2010 bearing the main operating revenue of 23.2 billion yuan, converted into US dollars, not as good as SKF Corporation (US$7.7 billion) or Schaeffler (US$7.5 billion) in 2008. Moreover, these multinational bearing companies have entered the Chinese market one after another in recent years, and they are bound to occupy the market share of Chinese bearing companies. Obviously, we have to be stronger and bigger. If we can't take the hard stuff, I am afraid it will not really work.
In recent years, the increase in the share of Wafangdian bearing sales has largely been achieved by adding more than 50 bearing companies each year, while the increase in the number of existing key enterprises is not obvious. Some lack of economic scale and lack of technological support for the growth of small businesses have squeezed the resources and markets of the dominant companies, resulting in homogenous vicious competition. Although the economic scale has gone up, the core competitiveness has come down. If one day the proportion of the top 30 sales of the Wafangdian bearing industry is increased from the current 45% to more than 80%, the competitiveness of the Wafangdian bearing industry will be greatly enhanced.
At this annual meeting of the China Bearing Industry Association, many experts and scholars also made frank advice to Wafangdian, proposing that in the future development of the Wafangdian bearing industry, it is necessary to solve the common problems of “hardâ€, light, “soft†and focus on solving problems. Well-innovated capabilities, brand influence, management capabilities, financing capabilities, system integration, and other factors that are often overlooked. Experts believe that once Wafangdian solves these bottlenecks that affect the development of enterprises, the goal of creating a multi-billion yuan bearing industrial cluster is not empty talk, and it is also possible to move toward higher goals.
China is a big bearing country, but it is not a bearing power. Wafangdian more than 700 bearing companies in 2010 bearing the main operating revenue of 23.2 billion yuan, converted into US dollars, not as good as SKF Corporation (US$7.7 billion) or Schaeffler (US$7.5 billion) in 2008. Moreover, these multinational bearing companies have entered the Chinese market one after another in recent years, and they are bound to occupy the market share of Chinese bearing companies. Obviously, we have to be stronger and bigger. If we can't take the hard stuff, I am afraid it will not really work.
In recent years, the increase in the share of Wafangdian bearing sales has largely been achieved by adding more than 50 bearing companies each year, while the increase in the number of existing key enterprises is not obvious. Some lack of economic scale and lack of technological support for the growth of small businesses have squeezed the resources and markets of the dominant companies, resulting in homogenous vicious competition. Although the economic scale has gone up, the core competitiveness has come down. If one day the proportion of the top 30 sales of the Wafangdian bearing industry is increased from the current 45% to more than 80%, the competitiveness of the Wafangdian bearing industry will be greatly enhanced.
At this annual meeting of the China Bearing Industry Association, many experts and scholars also made frank advice to Wafangdian, proposing that in the future development of the Wafangdian bearing industry, it is necessary to solve the common problems of “hardâ€, light, “soft†and focus on solving problems. Well-innovated capabilities, brand influence, management capabilities, financing capabilities, system integration, and other factors that are often overlooked. Experts believe that once Wafangdian solves these bottlenecks that affect the development of enterprises, the goal of creating a multi-billion yuan bearing industrial cluster is not empty talk, and it is also possible to move toward higher goals.
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