Both Schaeffler and Wipro are confident that the planned merger of the two companies will become official at the beginning of the fourth quarter of this year.
The products will be sent to the user site for offshore installation in the near future.
This is a further upgrade of the cooperation after the strategic cooperation reached last year, with ceramic ball bearings as the cornerstone of the cooperation, and at the same time expanding the business of high-speed ball bearings and tapered bearings in new energy electric drives.
As a leading supplier to the global automotive industry, SKF supplies MSBU MacPherson bearings to GAC Toyota, which are recognised for their high quality and stable performance. This bearing adopts the latest technology and design to ensure high performance and long durability to meet GAC Toyota's stringent requirements.
As an industry leader, SKF is aware of its heavy responsibility, and with its deep historical background and forward-looking strategy, it has long established ‘smart’ and ‘clean’ as the direction of its own development, and deepened sustainable development into its genes.
The model is a major breakthrough for the bearing industry, allowing ancillary customers and end users to play an important role in better matching bearing products to applications, thereby increasing equipment life and reducing operating costs.
In the first two months of 2024, the enterprise signed a new order of more than 700 million yuan, more than the total output value of 2023, which led to a significant rise in corporate benefits. This year, Harbin Bearing will continue to update and introduce intelligent production equipment and digital systems, accelerating the transformation and upgrading to digital intelligence factory.
In recent years, as the market continues to upgrade, Xinha precision bearings are also seizing the opportunity to expand overseas markets.
A few days ago, in Linxi County Bearing Industrial Park standardised plant, industrial park project manager Ding Wenhua introduced to the reporter.
The appraisal committee unanimously agreed that these nine projects are technologically advanced and have independent intellectual property rights, and agreed to pass the appraisal.