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There are a total of 52 steel tube bearing enterprises in the Economic Development Zone, including one enterprise with more than RMB 2 billion and two enterprises with RMB 500 million or more. The products involve a number of high-tech fields such as aviation bearings and medical joint ceramic bearings, and 35% of them are exported to the international market. Among them, the high-end bearings produced by Zhonghong Bearing and Xuri Bearing can withstand radial loads and two-way axial loads. They are widely used in aircraft jet engines, gas turbines, and internal-combustion engines; and ceramic ball bearings produced by Ruihan Bearings are used in medicine. , installed in the human body can replace human bone joints. In 2012, the total industrial output value reached 3 billion yuan and the tax revenue was 120 million yuan.
Due to the constant development and growth of the steel tube bearing industry in the development zone, it has become the leading force in industrial development. In 2009, it was named the only “Capital of the emerging bearing†in Jiangsu Province by the Jiangsu Machinery Industry Federation. In recent years, the Youxian County Committee and the First Government have seized the opportunity to continuously develop and expand the steel tube bearing industry and plan to create a billion-dollar industry by 2015.
Jiangsu Shuo Economic Development Zone actively creates the "city of steel pipe bearings"
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