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ZYS And Bright Railway, China Automotive Investment, CMEC Jointly Funded The Establishment Of China-Zhejiang High Speed Rail Bearing Co., Ltd.,
Nov 14, 2017

ZYS and Bright Railway, China Automotive Investment, CMEC jointly funded the establishment of China-Zhejiang High Speed Rail Bearing Co., Ltd.,

The registered capital of the new company, Zhejiang High Speed Rail, is 250 million yuan, of which, ZYS invested 100 million yuan, accounting for 40%; Bright Railway contributed 87.5 million yuan, accounting for 35%; and Zhongke Investment invested 37.5 million yuan, accounting for 15% CMEC invested 25 million yuan, accounting for 10%.

ZYS transferred part of the equipment and business of the "High-speed Precision Heavy Industry Bearing Line Industrialization Construction Project" to the new company. This part can be said that ZYS is the core business of HSR bearings.

ZYS high-speed precision heavy industry bearing industrial demonstration line, high-speed railway bearings and bearings have been small batch production.

"The production line has an annual production capacity of 60,000 sets of bearings, of which 30,000 sets of high-speed railway bearings, 20,000 sets of urban rail transit vehicles, and 10,000 sets of locomotives and drive bearings," said the source.

At present, the bearings for high-speed railways and urban rail transit vehicles in China basically rely on imports. At present, the bearings for high-speed rail EMU in China are basically SKF (Sweden SKF), FAG (Germany Schaeffler brand), Timken (United States Timken), NSK (Japan Seiko's brand). In recent years, with the rapid development of high-speed rail and rail transit in our country, the research and development on the localization of key components and parts has been going on all the time to meet the needs of domestic-made matching.