By Bearing Manufacturer>Bearing News>Daer Bearing Achieved Sales of 104 million RMB in Nov. for Product Structure Adjustment
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Recently, Ningbo Daer Bearing Co., Ltd. received an order of 500 sets of mute Ball Bearings for office equipment from a Japanese company. The office equipment mute bearing is a new type with high added value that Daer produced in June this year. The sales of the automobile motor bearings and the water sealed Miniature Bearings that were put into production at the beginning of the year were also prosperous.
What the secret of Daer success? Shao Hongliang, the Office Director of Daer pointed out that it is because of the product structure adjustment. In the past, Daer mainly manufactures the supporting bearings for domestic electrical appliances such as dust collector and air-conditioners, etc. As the influence of global financial crisis, the profit of the traditional products decreased and Daer developed the high end High Speed Bearings series with high added value for office appliances and automobiles, etc. In November this year, Daer has achieved the sales of 104 million RMB, which increased 33.7% on year-on-year basis; achieved the profit of 13.32 million RMB, which increased 137% on a year-on year basis.