Bearing group with German technology remains driving force

A huge bearing plant owned by ZWZ Group (also known as Wafangdian Bearing Group Corp) is now working at full tilt and is expected to continue at that pace until 2018, according to company officials.

"Lower-end products lack competitiveness," said Cong Hong, the chairman of the group. "But we are aiming at high-end products, and a global market."

ZWZ acquired German-based KRW Leipzig GmbH in 2013, a firm founded in 1904 which owned global leading technologies and its products are now widely used in railway vehicles, machinery manufacturing and new-energy fields.