Wafangdian Bearing Group Co., Ltd. was founded in 1938, a new set of industrial bearing on China's first born here, known as the hometown of China and the cradle of bearing industry, is currently China's largest bearing manufacturing and sales company, its comprehensive strength in the world rankings for the thirteenth. In 2004, ZWZ company achieved sales of 3.0 billion, an increase of 43.4%.

     ZWZ has 22 subsidiaries with total assets of 40 billion yuan, covers an area of ​​2.16 million square meters, 1.2 million employees. The company's leading products for industrial bearings, constant velocity joints and precision ball screw, widely used in transportation, machine tool machinery, smelting heavy petrochemical, military and aerospace electronics, products are sold in more than 10,000 users and more than 80 countries and regions.

     In recent years, ZWZ full implementation of the "four accelerate project" and "six double doubling plan", the enterprise has changed dramatically. The company more than 96% of enterprises have achieved diversification of property rights, and built a modern generation of railway speed bearings and a number of contemporary world-class production line, built in the domestic bearing industry's only state-level laboratories, with an average daily development 2 new products in the rapidly expanding variety of speeds, and built the most comprehensive marketing services network, international marketing network has taken shape, there are 12 results into the "new record of Chinese enterprises," the company trademark was identified as ZWZ "China famous Brand", "Chinese famous brand." Company in the domestic bearing industry to pass ISO9000, VDA6.1, AAR and ISO14001 certification and a variety of audit. The company has won the "National Quality Management Advanced Enterprise", "National Trustworthy Enterprise", "National Customer Satisfaction Enterprise", "National Advanced Enterprise of Quality and Efficiency," "progress, China Machinery Industry Management Model Enterprise" and so on, to firmly establish from China bearing industry leading position.