China: The Cooperation with Foreigen Corporations Enables Wafangdian Bearing Group Corporation More Competitive

In recent years, Wafangdian Bearing Group Corporation(the most advanced and largest bearing company of China) has made great progress. Its brand ¡±ZWZ¡± has already become famous brand of China. In the recent years, it grasp the opportunituy of market, fully take advantage of its characteristics, introduces fund, qualified personnelsand management,seeks the cooperations with famous enterprises of the world. It formed several enterprises with famous companies of the world,which makes it possesses more advanced thchnologies and management, also smoothes the international access of exporting products.This improves competition in international market and enlarges the exporting. It formed strategy suppliers relationship with GE, Ford etc.,the valume of exporting increase 12% yesar by year. In 1997, SKF became its strategy partner. They invested Dalian SKF-Wazhou Corporation. In 2000, it gained profit 25430000RMB, from January to July of this year, the profit increased 26.6% compared to the last year. This period , other companies that it formed with KOYO,THK also profited greatly.