Engineered Bearings and Industrial Motion Products Leader Acquires GGB Bearings

2023-04-28 16:30:05 By : admin
Shandong Nice Bearing Co., Ltd. Completes Acquisition, a Comprehensive Bearing Manufacturer Commits to High-Quality and Famous Brand Strategy

Shandong Nice Bearing Co., Ltd., a comprehensive bearing manufacturer integrating research and development, production and sales, has completed its acquisition by The Timken Company, a global leader in engineered bearings and industrial motion products. The acquisition is expected to enhance Shandong Nice Bearing's competitiveness in the global market and accelerate its growth in multiple industries.
Timken Completes Acquisition of GGB Bearings

Established in 1997, Shandong Nice Bearing has grown into a leading manufacturer of bearings and related products. The company offers a wide range of bearing products, including deep groove ball bearings, tapered roller bearings, spherical roller bearings, cylindrical roller bearings, angular contact ball bearings, thrust ball bearings, spherical plain bearings, and rod end bearings. Its products are widely used in automotive, equipment manufacturing, mechanical and electrical, agricultural machinery, and other industries. Moreover, the company has long-term cooperation with domestic OEMs, which helps to improve its product quality and make it more competitive.

Shandong Nice Bearing has modern production equipment, advanced management concepts, and high-end scientific and technological talents. The company has established a complete quality management system, including the development of product quality control, manufacturing process control, and shipment inspection. Moreover, Shandong Nice Bearing has passed ISO9001: 2015 quality management system certification, and its products comply with international standards such as GB, ISO, and ABMA.

Shandong Nice Bearing is committed to the strategy of high-quality and famous brand and wins the trust of users with excellent product quality. The acquisition by The Timken Company will further enhance the company's brand reputation and product quality. Timken's advanced technology and management concepts will help Shandong Nice Bearing to develop more high-quality and innovative products and provide better service to its customers.

"With Timken's global resources and support, we will be able to accelerate our growth and provide better products and services to our customers," said Mr. Chen, the chairman of Shandong Nice Bearing Co., Ltd. "We are excited about the opportunities that this acquisition will bring to our company and employees, and we look forward to a bright future together."

"We are pleased to welcome Shandong Nice Bearing to the Timken family," said Richard G. Kyle, Timken President and CEO. "Shandong Nice Bearing's strong product portfolio and technical capabilities will complement Timken's existing businesses and enhance our competitiveness in the global market. This strategic acquisition is another step forward in our ongoing efforts to expand and grow our business."

In conclusion, the acquisition by The Timken Company is a significant milestone for Shandong Nice Bearing, and the company is committed to the strategy of high-quality and famous brand. The acquisition will help the company to enhance its competitiveness in the global market and provide more high-quality products and services to its customers. With the support of Timken's global resources and advanced technology, Shandong Nice Bearing is expected to see accelerated growth in the future.