Given the different business profiles, end-markets and success drivers of the Industrial and Automotive businesses, the split will help both to sharpen their focus on their distinct market opportunities to enhance customer value, accelerate growth, improve efficiency and competitiveness.
People's Republic of China, People's Republic of China on the shaft, Huzhou metric bearings related leaders and People's Republic of China sales elite representatives and other representatives gathered together to witness People's Republic of China in the major equipment industry bearings new product development of innovation and progress.
ISO/NP 25260 is led by Luoyang Bearing Research Institute Co., Ltd (hereinafter referred to as Axis Research Institute), with the participation of Dongguan TR Bearing Co., Ltd, Pan Tech Bearing Group Co.
This ‘heart’ is directly facing the shield machine super-heavy load, large partial load, frequency variable load and other extremely harsh working conditions, its materials, design, manufacturing and testing is extremely difficult, at the top of the large high-end precision bearing industry chain.
Timken, with a history of 125 years, takes innovation as the core, constantly leads the innovation of bearing technology, shoulders the important responsibility of railway development, and promotes the continuous progress of the rail transport field.
Timken will finance the transaction through a combination of cash and existing committed loans.
President of SKF China and Northeast Asia Automotive Division, Mr Cu Hao, and General Manager of RuiPai Power Technology Company Limited, Mr Tang Xinhe, attended the signing ceremony of the strategic cooperation. Based on the principle of "deepening strategic co-operation and committing to win-win development", the two sides reached a high degree of consensus on deepening co-operation, jointly addressing market challenges and enhancing the competitiveness of both sides.
In the future, Timken will continue to uphold the spirit of innovation over the past 125 years, comply with industry trends, continue to innovate and research and development, enhance new quality productivity, create sustainable value, promote industrial upgrading, and continue to contribute to the healthy development of the metallurgical industry.
SKF always takes green and low carbon as the core driving force of development, and contributes to the achievement of global carbon neutrality by continuously optimising product design and production processes to reduce resource consumption and environmental pollution.
