On June 11, Sais (Hebei) Industrial Development Co., Ltd. was successfully registered in Linxi, with a registered capital of 20 million euros and a limited liability company (foreign legal person sole proprietorship).
"The company's registration and establishment marks a key step in the implementation and production of the precision module bearing intelligent manufacturing project of Serbia's Z&S Bearing Company." said Bi Shudong, director of the Linxi County Investment Promotion Service Center.
Serbia's Z&S Bearing Company was established in 1987 and is headquartered in Belgrade, the capital of Serbia. It is a leader in the field of agricultural machinery bearings in Europe. It can design and produce nearly 10,000 high-end rolling element bearings and special bearings. It is a world-recognized high-quality bearing manufacturer.
Z&S Bearing Company has established branches or branches in more than 30 countries and regions including the United States, Germany, and Spain.
Linxi County is China's largest bearing production and sales distribution center, and the bearing industry has a history of more than 50 years. At present, the bearing industry has become a pillar industry in Linxi County. In China, one out of every 10 bearings is produced in Linxi, and Linxi bearing products are exported to more than 90 countries and regions.
Bi Shudong introduced that in April this year, during the visit of the Hebei Provincial Delegation to Serbia, Linxi County and Z&S Bearing Company held a signing ceremony for the precision module bearing intelligent manufacturing project.
According to the agreement, Z&S Bearing Company settled in Linxi County's "1000 acres and 10 billion" high-end bearing manufacturing production base, with a total investment of US$100 million and the entire investment completed in 3 years.
When I came to the high-end bearing manufacturing production base in Linxi County, the reporter saw that the main project of the high-standard factory buildings No. 6-8, which are the supporting workshops for the precision module bearing intelligent manufacturing project of Z&S Bearing Company, has been completed. According to the staff, the decoration and finishing of the auxiliary rooms will be carried out according to the personalized needs of Z&S Bearing Company.
Since last year, Linxi County has planned and built a high-end bearing manufacturing production base. The base has high-standard factory buildings and supporting facilities such as office buildings, dormitory buildings, and bearing R&D centers, which can provide all-round services for settled enterprises.
It is hard-won to attract Z&S Bearing Company to invest and develop in Linxi County.
During the project attraction process, the Linxi County Party Committee and the County Government attached great importance to it, set up a professional investment promotion team to carry out precise docking, combined with the investment needs and development needs of enterprises, formulated targeted investment promotion plans, actively invited relevant personnel of enterprises to Linxi for inspection and negotiation, and solved all the related issues raised as soon as possible. After continuous follow-up services, the project was finally signed.
Linxi County Party Committee Secretary Meng Xianpeng said that the Z&S Bearing Company's precision module bearing intelligent manufacturing project was implemented in Linxi, which will realize the integrated development of well-known national enterprises and Chinese county-level characteristic industrial clusters in the joint construction of the "Belt and Road Initiative", and provide strong brand and channel support for Linxi bearing products to open up the European market.
