General Bearing's Chinese Joint Venture Earns Prestigious QS-9000 Certification
13 July 1999
General Bearing's Chinese Joint Venture Earns Prestigious QS-9000 CertificationNingbo General Bearing Makes Ball Bearings for U.S. Automotive Industry WEST NYACK, N.Y., July 12 -- General Bearing Corporation today said Ningbo General Bearing Co., Ltd. (NGBC), Ningbo, China, one of its three Chinese joint venture facilities, has earned the prestigious Quality Assurance standard QS-9000 certification. It is one of the few bearing manufacturers in China to have achieved this recognition. NGBC, which supplies ball bearings to the United States auto industry, also manufactures roller bearings as part of its product line. QS-9000, which encompasses ISO 9002 for NGBC, is a quality standard developed in 1994 by the three leading U.S. automakers to bring about uniform quality standards at auto industry suppliers. It emphasizes defect prevention and the reduction of variation. General Bearing President David Gussack said: "Ningbo's modern and efficient manufacturing operation has earned its place among the auto industry suppliers. It has proven its capability to meet the strict manufacturing criteria of the U.S. automotive industry, and this certification is further evidence of General Bearing's commitment to high-quality manufacturing." General Bearing has been producing bearings in China since 1987 when it led the world's bearing industry into the region with the establishment of its first joint venture, Shanghai General Bearing Company, Ltd. The Ningbo plant, which opened in September, encompasses 100,000 square feet of production area. It has the capacity to produce about $30 million of bearings annually. General Bearing manufactures, sources, assembles and distributes a variety of bearing components and products. The company manufactures ball bearings, tapered roller bearings, spherical roller bearings and cylindrical roller bearings. Under "The General" and the "Hyatt" trademarks, the Company supplies original equipment manufacturers in the automobile, truck/trailer, railcar, office equipment, machinery and appliance industries, as well as the industrial aftermarket. "Safe Harbor" statement under the Private Securities Litigation Reform Act of 1995: Except for historical information, the matters discussed in this news release that may be considered forward-looking statements may be subject to certain risks and uncertainties that could cause the actual results to differ materially from those projected, including uncertainties in the market, pricing competition, procurement, and manufacturing efficiencies, and other risks detailed from time to time in the Company's SEC reports. The Company assumes no obligation to update the information in this release.