Yokogawa's bearing industry started in 1984, after which the bearing manufacturing companies rapidly expanded. Yokogawa Town, Yokogawa Town, brought together more than 200 types of bearing manufacturing companies. Accompanied by the birth of many companies, followed by fierce market competition, experienced the brutal low-price competition again and again since the 1990s, Yokogawa bearing companies began to segment the market for new development.

Since last year, affected by the large fluctuations in raw material prices and the shrinking international market, the bearings of Xiangshidi, which has an extremely high degree of reliance on outward dependence, have been greeted with chill. Many companies are in a state of low profit or loss. In the in-depth study of the scientific concept of development in practice, the party committee and government of Yokogawa town combined the scientific development concept with the "province-based heroes" to gain an in-depth understanding of the company's needs. Through cadres and enterprises, the company encouraged and guided the company and helped the company with bearings. "Buddhism develops and tides over the hardships". Under the effective organization of the government, with the establishment of the Xiangshidi Bearing Association, which has 41 member units, the pace of block-type economic transformation has accelerated. The president of the association and general manager Hu Jiqiang of Ningbo Donghuang Bearing Co., Ltd. introduced this year's association delegation to Shandong and other places to negotiate with the bearing steel pipe enterprises, and obtained the “privilege” for price concessions. 41 member companies jointly purchase and can be at least members every year. Enterprises reduce their capital by 20 million yuan.

The big ship pulled the boat and the flow of mutual assistance between the various companies in the association began to become active. The big companies such as Cixing and Huanchi took the initiative to bring out the low-end and middle-end markets, and through continuous investment in technological transformation, they developed products that rivaled the world's top brands and made every effort to expand into the international high-end market.

Yokogawa Township puts together a set of intensive leadership, menu-based services, "contracted" guidance, benchmarking guidance, and "question-type" innovation, and promotes the flow of "service quality promotion year" throughout the town. The member companies collectively hired legal staff to standardize their business operations and effectively enhance their ability to cope with the international financial crisis.

A few days ago, Phase 1 of the Shishi Bearing Bearing Block and Shiqi Tablet Industrial Block of Yokogawa Town was launched. 800 acres of land have been acquired in the Shiqi tablet industrial block, and 4.3 million yuan has been invested in Shiji Avenue, bearing roads, and power infrastructure. Four companies are about to start construction. The Huanqi Group has a total investment of about 700 million yuan in high-precision bearings. Has been listed as a provincial-level key projects, 401 acres of land acquisition. Xiangshidi Bearing's professional block mainly solves the problem of "triple play" in local small and medium-sized bearing enterprises. By building a standard factory building, it gradually eliminates potential safety hazards and enables Xiangshidi Bearing SMBs to focus on the block.

Henghe Town bearing enterprises seize the development opportunities, rely on technological innovation, enhance the industrial level, bigger and stronger bearing industry, and strive to build an international bearing supermarket. From January to October this year, the whole town bearing enterprises completed an output value of 2.528 billion yuan, accounting for 36.55% of the town's total industrial output value, and the output value of 6 bearing enterprises exceeded 100 million yuan. At present, the town has more than 410 bearing enterprises, producing more than 400 types of bearings, bearing more than 1 billion sets of annual production, foreign trade exports more than 1 billion yuan.

The first group, represented by "Ci Hing" and "Huan Chi," has been actively abandoning the low-end market since the end of the last century, and has been rushing toward high, refined and sharp spurts. Huanchi Group invested 150 million yuan to introduce the first fine bearing production line in China to create a boutique park with all products exported. The output value of a single product is increased by 3 to 10 times than that of ordinary bearings. Cixing Group established an R&D center in Shanghai to develop high-end products, mainly supporting global top 500 companies such as “Siemens”, “Benz”, and “General Motors”, enabling the “CW” brand bearing to become a global company. The new generation of scale enterprises, represented by “Fuda” and “Jinpeng,” according to their own characteristics, combined with the trend of the international market, concentrated their efforts on developing a series of products in order to occupy the market and become the singles champion in related fields. ". Zhejiang Fuda Bearing Co., Ltd. has a production value of 266 million yuan in the first 10 months of this year, an increase of 25.88% over the same period of last year; Ningbo Jinpeng Bearing Co., Ltd. has also achieved a production value of 157 million yuan, an increase of 16.4% over the same period of last year.

With the expansion of the company's scale, many companies focus on nurturing brands. More than 20 bearing factories in the region have displayed their own trademarks in the international market. "Ci Hing"'s "CW" trademark has been registered in more than 10 countries in Europe and America. Its products have been sold to more than 20 countries and regions such as Europe, the United States, and Southeast Asia. The proportion of product exports has reached 80% or more. "CW" trademark intangible assets worth 400 million yuan. The Huanchi Group has shifted its main development goals to the international market. Currently, it has registered the “HCH” brand in 22 countries. Its products are sold in 62 countries and regions, and its export products have exceeded 80% of the total sales volume. At present, an "international bearing supermarket" that radiates the world has already formed in Yokogawa.