including petrochemical equipment clutch bearing

In recent years , the Northwest bearing liabilities has been running at a high state . As of December 31, 2013 , the company 's gearing ratio was 73.86% , current ratio was 0.98 , quick ratio was 0.66 . Higher debt levels , making certain the Northwest bearing debt risk . Recent Northwest bearing non-public offering plan , will allow the company to reduce debt levels , optimize the capital structure possible.
Northwest Slewing bearing   release of " non-public offering of A shares plan" and a major shareholder pagoda Petrochemical released " acquisition report " shows that the price the company will be 4.81 yuan / share issuance stone pagoda directed to 124,740,125 shares, raising total funds 60,000.00 million. Net of issuance costs , giving priority to investment projects of high-end bearings 40,000.00 million surplus does not exceed 20,000.00 million used to supplement working capital.
The company said , assuming that the non-public issue of the successful completion of the program , the largest shareholder after 600 million fund in place , not only the company's asset -liability ratio will significantly reduce the current ratio and quick ratio will be significantly improved, can effectively improve the ability to resist risks , as the company's long-term steady development and lay a solid high speed bearing foundation. At the same time , raised $ 400 million in gold investments for the construction of the bearing industry, "second Five Year Plan" key recommendation of products, including petrochemical equipment bearings, bearing metallurgical equipment , mining machinery and equipment bearing as the representative of large bearings to high-end motor bearings are precision bearings representative to subway cars , as represented Bahn rail vehicle bearing . Implementation of the project can significantly improve the company's profitability, and achieved good social benefits.

clutch bearing the school offers professional bearing more than 60 graduates per year only

Vice Chairman Yang Jing said , companies have been generous conduct innovative research and development costs to ensure that the production process is an industry -leading phase.
Back in 2009 , c , China's first independently developed the tapered roller bearing mill installed automatic Roller Bearings production lines, and obtained national patents. And at that time , China is still in cone bearing manufacturing equipment, stand-alone automated stage.
"In recent years increasingly networking technology concern , but really it is used in the actual production of the rare examples of domestic companies under some effort in this regard ." According to Yang Jing introduced last April the company based on automatic line on , and the first in China to capture things the application of intelligent high precision bearing manufacturing technology information, investment developed China's first IOT tapered roller bearings mounted intelligent manufacturing mill automatic production lines.
Less than six months, the first phase of two test line had successfully enabled . Currently, a workshop of all eight lines to complete a comprehensive transformation into applications.

CNC machine tools prompting the construction machinery manufacturing recovery industry

Since the implementation of the " two sessions" of economic growth targets proposed implementation of urban infrastructure construction projects around the climax off , started intensive railways, highways , subways, affordable housing , water , ports, airports and other major projects , prompting the construction machinery manufacturing recovery industry , stimulating demand for construction machinery , bearings market demand will subsequently released.
From recent Gcr15 spindle steel ball bearings downstream users in March production plan research situation , automobiles, marine vessels , oil pipeline industry to maintain stable operation ; engineering machinery, bearings industry increased. Downstream industry demand for effective bearing steel increased compared with February . For example Gcr15 bearing steel companies in March contract orders generally CNC machine tools good condition . Improved downstream demand is conducive Gcr15 bearing steel market stability , bearing steel prices steady rise is a major supporting force .
Bearing Manufacturing Industry Development of China's strong momentum of steady bearing steel market will bring positive effects to the good . A number of significant growth in demand for high-end bearings , such as aerospace bearings, machine tool spindle speed precision bearings, ball bearing precision angular contact ball bearings , high-speed spindle bearings, precision bearings for machine tools photovoltaic industry , turntable bearings, wind power bearing , shield machine bearings, rolling mill bearings, high-speed rail bearings, automotive bearings, crane sheave bearings , turbocharger bearings, hydrodynamic bearings and so on.