China Jiangsu Golden Horse Steel Ball, Inc. (CJGH.PK) is a leading manufacturer of steel ball bearings in China. The company is a top five manufacturer producing over three billion ball bearings annually. China Jiangsu has developed more than 15 new products that include stainless steel, aluminum, ceramic balls, and a vibration-isolating lubricant. The company has over 350 employees including 50 engineers.
China Jiangsu plans to expand its market for both domestic and global distribution. Although the company is located and focused in China, China Jiangsu already exports products throughout the world to over twenty countries including the United States, Brazil, India, and Germany. In 2007, the company generated revenues over $12.9 million. 2007 saw a a 12% increase from 2006 and a 214% increase from 2005.
The Chinese economy has been growing 11%-12% annually and the Chinese government has strategic policies in place to revitalize the equipment manufacturing industry. The company has plans to focus on new technological developments in 2008 and 2009 that include the research of G3 grade high-precision steel balls. Also in its realm of focus is the research of new resin grinding wheel milling techniques, and the development of automotive bearing steel wire.
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