Wazhou shaft exports will have new breakthroughs

Wafangdian Bearing Group Co., Ltd. tightly seized the opportunities in the international market, fully implemented its external development strategy, and actively expanded its product exports. In 2000, foreign exchange earned through exports was US$21.58 million, an increase of 22.3% over the same period of the previous year. Through the development of export-oriented economy, the company's competitiveness in domestic and foreign markets has been enhanced. The ZW axis has not only become one of the 520 state-owned large-scale enterprises in China, but also has become one of the 33 technologically-supported technological transformation enterprises. Tile shaft products are exported to 80 countries and regions. In North America, South America, Europe, Asia and other key regions, they not only have a stable market, but also have developed a number of products with potential and high technology content. The company also makes full use of both domestic and foreign funds and two types of resources to increase investment and attract profits of 24.83 million yuan through investment promotion, accounting for 34.8% of the group's profit. Through joint ventures, it also promoted the improvement of the company's product technology and management level, and created the conditions for Zhaxi to welcome WTO accession and global economic integration.

In the first year of the “10th Five-Year Plan”, the Zhaxi Axis Group will focus on realizing the center of economic and structural adjustment and vigorously promote the development of an open economy and open management. In 2001, the entire group of companies had a new breakthrough in foreign trade and exports, and strived to achieve a foreign exchange of 28 million US dollars. (Electrical and Mechanical Daily)