Xiangyang Automobile Bearing Co., Ltd., founded in 1968, is a national key project invested 120 million yuan by the state during the fourth five-year plan, which is dedicated to manufacturing supporting bearings for automobiles in China; In 1993, the shareholding system was reformed and listed in Shenzhen Stock Exchange in 1996 (code 000678); In 2003, we successfully implemented the reform and restructuring work with the main content of "transformation of the status of state-owned employees", and nearly 10000 employees completed the transformation of their status at one time; In April 2009, we successfully implemented strategic restructuring with Sanhuan Group, and the actual controller of the enterprise was changed to Hubei Sanhuan Group Co., Ltd; In 2011, the Three Ring Xiangyang Axle Industrial Park, with an investment of 3 billion yuan and an area of 1070 mu, is a one-time automobile bearing industrial park in the bearing industry. In August 2013, with the strong support of Sanhuan Group, Xiangyang successfully acquired the largest bearing enterprise in Poland - Krachnic Rolling Bearing Co., Ltd. (KFLT), and entered the ranks of multinational companies at one stroke. The company has more than 4500 employees, a total asset of 2.46 billion yuan, more than 4000 sets of major equipment, and an annual production capacity of 70 million sets. It is a Chinese automobile bearing manufacturer and a national key bearing export base. In November 1996, Xiangyang took the lead in passing the ISO9001 quality review in the bearing industry and obtained the ISO9001 quality standard certificate; At the end of 1997, the company obtained ISO9001 product quality certification from FMRC of the United States; In March 2005, it passed the audit of TS16949 quality management system by SGS, a Swiss international certification agency, and obtained the TS16949 certificate. Over the past 40 years since the establishment of the factory, Xiangyang has been committed to the strategy of high-quality brands, won the trust of users by virtue of excellent product quality, established the brand image of "ZXY" bearings in the automotive industry and auto parts market, and has a high reputation in the bearing industry and auto parts industry. As early as the early 1980s, the company had more than 20 "national excellent", "ministerial excellent" and "provincial excellent" products such as 7815E and 7608E, among which 7815E was awarded the title of "National Silver Award". Dongfeng's military vehicle bearings have always been designated as the exclusive supply of xiang shafts. In 2006, the company was jointly awarded the "Automobile and Parts Export Base" by the National Development and Reform Commission, the Ministry of Commerce and other departments; In 2008, the "ZXY" trademark was recognized as "China's Famous Trademark" by the State Administration for Industry and Commerce, Xiangyang Shaft Company was awarded the title of "High tech Enterprise" by the People's Government of Hubei Province, and its technology center was recognized as a national enterprise technology center in 2012. Xiangyang has an engineering technology center specializing in the research, development and application of new products and technologies for automotive bearings, and a large number of senior professional engineers and technicians engaged in the development of new products. In addition to automotive bearings, Xiangyang also involves a variety of bearing products in machinery, agricultural machinery, household appliances, wind power and other fields. The company's technology research and development ability is in the leading position in the domestic automobile bearing industry, and has many national, provincial and municipal scientific achievement awards. Among them, many technologies such as the enhanced tapered roller bearing, full roller cylindrical bearing, automobile air conditioning compressor and clutch bearing simulator have national patents. The company's products are capable of supporting Dongfeng, Jiefang, Siltai, Beifang Benz, Jianghuai Automobile, Beiqi Foton, Yuejin, Isuzu and other series of bearing products, and can design and manufacture various kinds of bearings and parts for special purposes for users. Xiangyang Axle has formed a supporting bearing system for heavy, medium, light, micro, sedan and other models. It has set up 28 sales branches and 14 distribution centers across the country. Its sales and service network covers all major and medium-sized cities in China. ZXY brand bearings enjoy a high reputation in the auto parts market, and its products are exported to Europe, America, Southeast Asia and other countries and regions. Xiangyang has established the enterprise development strategy of "building a first-class automobile bearing R&D and production base in China". The company is further improving the transformation of the car bearing project, introducing advanced foreign car bearing production technology and equipment, and has formed the capacity to produce car bearings in batches, while expanding the capacity to produce heavy truck bearings. At present, Xiangyang Axle is planning to build a "Xiangyang Axle Industrial Park" to build a "China's first-class, international advanced" automobile bearing R&D and production base, making unremitting efforts to build the best automobile bearing in China.
