C&U Group Co., Ltd. China (Mainland)

C&U Group Co., Ltd., founded in 1991, is one of the largest bearing manufacturers in China, with business varying from commercial supermarket to mechanical & electrical product trade. Currently, the number of employees has reached more than 9,700 and there are 98 subsidiaries (total assets of RMB1.99 billion) in C&U Group. In 2006, our sales revenue was RMB4.004 billion. C&U Group has successively been awarded "Top 100 Core Competitiveness Enterprise among Chinese Mechanical Industry", "Top 500 National Private Enterprises", and "Top 10 Efficiency Enterprise among National Priority Industries". The "C&U" is a well-known brand in China, which appraised as the "Most Competitive Brand in Chinese market" by Ministry of Commerce of China, and C&U bearings are honored as "Chinese Name-Brand Products" and "National Product Exemption from Inspection". C&U Group is a national high and new technology enterprise, led by a technical research and development team of professional doctors and senior engineers. Our R&D center develops approximately 400 new products annually on average. They are at the top level in China in terms of vibration noise of rolling bearing, sealing, lubrication, bearing service life, and many other aspects. Moreover, our R&D center has obtained a lot of achievements in bearing process, critical accessories and bearing technical research. The technique and quality of C&U Group bearing have reached the advanced level in the national industry. By actively participating into the reformation of state-owned enterprise, C&U Group has set up 7 bearing manufacturing bases respectively located in Wenzhou, Hangzhou, Ningbo, Wuxi, Shanghai, Nanchong, and Wuhu by means of investment, merging, acquisition, and technical innovation. Furthermore, our company has established more than 30 manufacturing companies for bearings and related accessories that are able to produce over 3000 kinds of bearings with inner diameters varying from 3mm to 480mm, with annual production capacity up to more than 0.3 billion pieces. Consequently, C&U Group has been the first flight in terms of sales revenue in the national bearing industry. C&U Group utilizes the operation modes of agent system and chain sale, having set up 29 C&U bearing marketing companies, as well as 84 bearing sales offices and exclusive agencies within the central cities in China to build a national chain network of bearing products. In addition, we also set up trading companies in the US and Japan, providing first-class products and quality services to meet customers' higher demands and achieve bilateral profit with extensive clients. C&U Group is engaged in multiple businesses simultaneously and develops steadily. In 1997, we entered into commercial chain supermarket industry. Yet, Zhejiang C&U Supermarket Co., Ltd. has already possessed over 200 chain stores and has become one of the largest commercial supermarket companies in South Zhejiang. In 2004, our company was awarded "Top 100 Chinese Chain Enterprises" by China Chain Store & Franchise Association, ranked NO.57. Furthermore, C&U Supermarket is now expanding rapidly in Zhejiang and Fujian with three business structures of "convenient store", "C&U chosen store" and "C&U retail and wholesale center". In addition, C&U Group also has a good potential to develop in many industries like automobile parts, precise mechanical equipment, and rubber products. With the economic globalization, Chinese bearing industry is faced with new developing opportunities and challenges. C&U Group will persist in the value of "credibility as the foundation, win-win as the motive, cooperation and unity is the best way" to cooperate with domestic and international famous enterprises to develop in an all-win manner, realize our mission of "building up the NO.1 brand of national bearing industry, getting into the Top10 list in the industry worldwide" and make greater contribution to the bearing industry in China.