On September 2, 2010, Hou Li, manager of communication department of the world's second largest automotive bearing manufacturer and supplier, The Schaeffler Group, said in a telephone interview that the group plans to build production in China. Two new plants for rolling bearing, engine and transmission components, with an investment of approximately EUR 200 million, are expected to be completed in 2012. Manager Hou said that two new factories are still in the site, mainly in the cities of the eastern region. "This is also part of the next few years in which the Schaeffler Group will invest approximately 300 million Euros in Asia to systematically further expand its existing production operations strategy." “In addition to building two new plants in China, the Group will also build a new production base in India and expand existing production bases in China, India, Korea and Vietnam to meet Asian customers’ needs for Schaeffler Group products and services. Growing demand," she said. Hou Li said that due to the company's average business growth rate above the market, China's existing production base is operating at full capacity. Thanks to China's record car sales and US auto parts market recovery, Schaeffler Group's second-quarter revenue increased by 36% year-on-year to 2.4 billion euros; net profit reached 97 million euros, compared to the same period in 2009 Loss of 203 million euros. The group started investing and producing in China in 1995. Currently, it has an Anting R&D center in Shanghai and five production bases in Taicang, Suzhou and Ningxia. Trailer Pump,Dry Run Self Priming Pump,Diesel Water Pump Vacuum Pumps,Circulating Water Pump Co., Ltd. , http://www.nspumps.com