Northwest Bearing cooperates with Schaeffler

In 2014, the senior leaders of Northwest Bearing Co., Ltd. and Schaeffler (Ningxia) Co., Ltd. launched a series of extensive and in-depth communication. Both parties expressed that they will further strengthen cooperation and achieve a win-win situation in China's railway market.

In December 2001, Northwest Bearing Co., Ltd. and German INA/FAG Corporation conducted a joint venture based on the principle of mutual benefit and established Ningxia Northwest Fuanjie Railway Bearing Co., Ltd. In December 2003, Northwest Bearing Co., Ltd. transferred 49% of the shares of Fu An Jie Company to Fu An Jie Company. Fu Anjie became a wholly-owned enterprise, and Northwest Bearing Co., Ltd. became the preferred supplier of railway bearing parts and accessories for Fu An Jie Company. Both parties had a friendly cooperation. Houfu Anjie Company was renamed Schaeffler (Ningxia) Co., Ltd. In 2007, after the Great Wall Asset Management Company reorganized Northwest Bearing, the cooperation between the two parties was forced to suspend. In March 2011, Ningxia Baota Petrochemical Group reorganized Northwest Bearing, and as the largest shareholder, fully supported Northwest Bearing. Zhang Lizhong, chairman of Northwest Bearing Co., Ltd., and Li Shuming, general manager of the company, held talks with senior leaders of Schaeffler (Ningxia) Co., Ltd. and proposed that they become competitors from the market.

As a well-known domestic enterprise, Northwest Bearing enjoys a good reputation both at home and abroad. At present, Northwest Bearing is committed to improving the product structure, promoting the construction of high-end bearing projects, and actively doing a good job of CRGC production qualification certification, trial production, market development and other work. The Schaeffler Group is a world leader in the production of rolling bearings and linear motion products. It is also one of the most reputable suppliers in the automotive industry. It has seven factories in China and provides users with long-term, high-quality and convenient services. service. In July 2013, after Mr. Fürth was the general manager of Schaeffler (Ningxia) Co., Ltd., the leaders of both parties decided to resume the establishment and strengthening of the partnership after several friendly interviews. Both sides conducted extensive and in-depth negotiations around the cooperation in spare parts processing.