Wafangdian Bearing Group Co., Ltd., founded in 1938, is known as the hometown and cradle of China's bearing industry, and its comprehensive strength ranks 13th in the world. In 2004, Waxing Group achieved sales revenue of 3 billion yuan, up 43.4 points year on year.
Waxing Group has 22 subsidiaries with a total asset of 4 billion yuan, an area of 2.16 million m2 and 12000 employees. The company's leading products are industrial bearings, constant velocity universal joints and high-precision ball screw pairs, which are widely used in transportation, machine tool machinery, **llurgy, petrochemical, military electronics and other fields. The products are sold to more than 10000 users in China and more than 80 countries and regions in the world.
In recent years, Wax Group has fully implemented the "four accelerated projects" and the "six doubling plans", and the enterprise has undergone tremendous changes. More than 96% of the companies in the company have achieved property rights diversification, built a number of production lines with contemporary world level, such as modern railway speed-up bearings, built domestic bearing industry enterprise laboratories, rapidly expanded product categories at the speed of developing 2 new products per day, and built a complete domestic marketing service network. The international marketing network has begun to take shape, and 12 achievements have entered the "new record of Chinese enterprises". The company has taken the lead in passing ISO9000, VDA6.1, AAR and ISO14001 certifications and audits in the domestic bearing industry. The company has successively won the titles of "National Advanced Enterprise in Quality Management", "National Enterprise Observing Contracts and Valuing Credit", "National Customer Satisfaction Enterprise", "National Advanced Enterprise in Quality and Efficiency", and "Model Enterprise in China's Machinery Industry Management Progress", and firmly established the position of China's bearing industry.
