<Mid-term Business Outlook for China>
High rate of growth
expected to continue until 2010 (GDP 7~9%)
New growth
industries continuing to emerge in addition to the rapid growth of
the existing market
=> China fast becoming a huge “Factory and Market of the World” |
Bearing
demand in 2003: ¥370 billion  2006: ¥490
billion 2010: ¥640
billion
| Comprehensive
organization covering production, sales, and R&D |
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- PRODUCTION
- Kunshan (bearings), Changshu (needle roller
bearings), Dongguan (automotive components), Zhangjiagang (pre-processing),
Guizhou (bearings), Suzhou (tapered roller bearings)
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- SALES
- Scheduled to establish a 100% owned sales
company
·Independently establish a sales and logistics network
·Systemize sales activities
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- R&D
- China Technology Center (engineering, designing,
product development)
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