Wenzhou Bearing Co., Ltd. was founded with register capital of RMB 4 million.
Sealed High Precision Ball Bearings and Low Noise Deep Groove Ball Bearings
Sealed deep groove ball bearing of high-precision and low-noise of Z3 group was listed in the Trial Production Plan of National New Products Program. C&U internal Newspaper Enterprise Today started publication shortly after.
Foundation of the C&U Group
C&U Group was founded and it donated RMB 1 million to Public Welfare at that day. This is followed by the founding of the C&U Supermarket CO., Ltd. in the province of Zhejiang in June.
C&U Mechanical & Electrical City
In April, the C&U Group opens up the first company for the production of mechanical and electrical chains in Wenzhou, with C&U Mechanical & Electrical City China.
C&U Group Merges with Hangzhou Bearing Factory
In December, the C&U Group merges with the Hangzhou Bearing Factory in the Province of Zhejiang. In China, this is the first time that a private company has acquired a medium sized or large state-owned company.
In May, the precision, low noise automobile generator bearings by the C&U Group were certificated as „National New Products“.
Provincial Famous Trademark
C&U Associated Trademark was awarded “Provincial Famous Trademark” by the Industrial and Commercial Bureau of Zhejiang Province.
National-Grade Touch Plan
10 million pieces of precise low-noise automotive generator bearing produced by C&U Group were listed in the project of “National-grade Touch Plan”.
Shanghai C&U Industrial Park
Shanghai Production Base of C&U Group laid foundation.
Hangzhou Bearing Group
Hangzhou Bearing Group was founded.
The C&U Group bearings are awarded the titles „Chinese Name-Brand Products“ and „National Free-inspection Product“.
C&U Miniature Bearing Production Base
The C&U Group founds the largest miniature bearing production site in Wuxi in China.
the Department of Trade of the Peoples Republic of China labels the C&U brand as "Famous Trademark in the Peoples Republic of China“ and "The Most Competitive Brand in the Chinese Market".
Wenzhou Binhai Industrial Park
C&U Binhai Industrial Park was established with plans to reach a capacity of 42 million high precision automotive bearings per year.
“Production, Research and Development” Park
C&U Group established the “Production, Research and Development” park project in Wuhu. Our aim is to enhance and expand our base for premium bearings. Products include heavy duty, high-speed rail and bullet train bearings to name a few.
The C&U Group R&D center was granted state-certified enterprise R&D center status.
The technology centre of the C&U Group is recognised as the “Shanghai New Vehicle Bearing Engineering Research Center“.
Overseas Production Facility
With the new factory in the Philippines, the first overseas production site goes into operation.
Foundation of the Schweinfurt site
Occupation of an office building in Schweinfurt until completion of the Technology Center.
2020 - 2023
Technology Center Europe
Construction of a technology center in Schweinfurt by 2023.