Xiangyang Automobile Bearing Co., Ltd.
-The Company is a major bearing manufacturer in China. Its products are sold under the brand name 'ZXY'.
-As of 2016, the Company's annual production capability of bearings was more than 30 million sets.
|Listed on the Shenzhen Stock Exchange||(as of Dec. 2016)|
|Tri-ring Group Corp.||27.94%|
|Xiangyang Automobile Bearing (Group) Corp.||18.09%|
|Hubei New Nature Capital Co., Ltd.||4.35%|
|Industrial and Commercial Bank of China Limited - Golden Eagle Technology Innovation Securities Investment Fund||2.30%|
- Deep Groove Ball Bearings
- Cylindrical Roller Bearings
- Tapered Roller Bearings
- Thrust Ball Bearing
- Needle Roller Bearings
- Universal Cross Joints
- CV Universal Joints
- Clutch Release Bearings
- Hub unit bearings
|1968||The Company was established as 'Xiangyang Bearing Factory'.|
|1994||Adopted the current company name.|
|Jan. 1997||Listed on the Shenzhen Stock Exchange.|
|Apr. 2009||The State-owned Assets Supervision and Administration Commission of Xiangfang City, de facto majority shareholder of the Company, transferred 95% of the shares it owns in Xiangyang Automobile Bearing at no cost to the Tri-Ring Group, Co.|
|Apr. 2011||Sold the 40% shareholding of WuhanBoda Electric Co.,Ltd.|
|Aug. 2013||The Company acquired 89.15 percent in Poland-based bearing supplier FLT and completed transfer of securities.|
|Mar. 2014||The Company and Hubei Tri-Ring Chengtao Trade Co., Ltd. eastablished a new joint venture, named as Hubei Tri-ring Xiangyang Bearing Equipment Technology Co., Ltd., which was invested fifty/fifty between the Company and Hubei Tri-ring Chengtao Trade Co., Ltd..|