In the 1980s, China was still in the period of planned economy and was facing a wave of reform and opening up. The Jiangsu and Zhejiang regions implemented the Jiangnan model, and enterprises in various regions faced the impact of market economy. The fierce competitive environment required enterprises to reform and innovate.
In 1988, when the company was founded, it was still a rural collective enterprise. Several founders and Shanghai Bearing Research Institute jointly established Wuxi Second Bearing Factory (named Second Bearing because it was during the planned economy period and there was already a Wuxi Bearing Factory). In 1990, the company was restructured and Mr. Yang Jin, the current chairman, served as the legal representative of the company. It was renamed Wuxi No.2 Bearing Co., Ltd. with the registered trademark "XEZ", Naming second is characterized by Chinese humility, while also constantly implying that we sit and look at each other, always striving for the best products and services.
- 2023
- R&D and production of medical and aviation products
- 2021
- The company has established a cooperative relationship with the Institute of Metal Materials, Chinese Academy of Sciences
- 2020
- Recommended by the Machine Tool Association and the Bearing Association as an excellent supplier of machine tool bearings during the 13th Five Year Plan period
- 2018
- Awarded the honorary title of Top 100 Enterprises with the Most Growth Potential in Jiangsu Province
- 2017
- The company expands the production of photovoltaic bearings and spindles
- 2015
- R&D and production of vacuum pump bearings
- 2014
- The company has been awarded a famous trademark in Jiangsu Province
- 2012
- R&D and production of turbocharged bearings
- 2011
- The company has been recognized as a high-tech enterprise in Jiangsu Province
- 2004
- The main grinding workshop of the company has been built
- 2003
- R&D and production of angular contact ball bearings
- 2002
- The company expands the original Xinmei Electrical Appliance factory, renovates the gatehouse and Central Avenue
- 1998
- Wuxi Second Bearing Factory was renamed Wuxi Second Bearing Co., Ltd
- 1997
- The company will build new flat workshops and non-standard workshops, and transform into a joint-stock enterprise
- 1990
- Wuxi Second Bearing Factory Labor Union Established
- 1989
- The second bearing factory is officially producing
- 1988
- Jointly establish Wuxi Second Bearing Factory with Shanghai Bearing Research Institute
