ZWZ to take on Indian market
The People's Republic of China's Number One bearing brand and the world's number seven, is entering India with the plans to set up its operations. The Indian arm will be named ZWZ Bearings India and to begin with, will mainly focus on sales and marketing of industrial bearings under the ZWZ brand in India. With its entry, the USD 1 billion ZWZ Group is aiming to expand into the USD 2 billion Indian bearings market, which has been registering a CAGR of 20 per cent. Zhao Yang, Global Sales Director, ZWZ Group, said, " "We are committed to supplying high quality, high precision, world-class bearing products with better delivery and compelling value."