CITIC Group, founded in 1979, has been a pioneer in China s economic reforms and opening-up to the rest of the world, by introducing overseas capital, technological know-hows and managerial expertise to China
Diversified Portfolio
CITIC Group, aligning its mission with national goals and contributing to national rejuvenation, pursues a vision of “building an outstanding conglomerate with a lasting reputation.” As for work priorities, it strives to deepen SOE reforms, strengthen technological innovation and integrate itself into regional strategies. Operating in 5 business sectors:comprehensive financial service, advanced intelligent manufacturing, advanced materials, new consumption, and new-type urbanization, CITIC is committed to pioneering national goals and to being a leading technology-driven group.
CORPORATE CITIZENSHIP
We will continue to live up to our core values of “integrity, innovation, cohesion, integration, dedication and excellence” as our core values and bring “CITIC 32 characters” to life. To fulfill our corporate responsibility, we will also continue to improve our employee, environmental, brand, and community welfare management, while exploring new ways to build a better future for humanity and the natural environment together with our country.
Corporate Citizenship

Location: Home / CITIC News / Content
The 2025 SKF/ CNEA supplier conference recently concluded in eastern China's Jiangsu province. During the event, SKF China launched the ground-breaking near-zero-carbon bearing solution, marking a significant milestone for the industry's green transition. CITIC Pacific Special Steel, as SKF China's major partner in powering this innovation, provided key steel for the bearings.

Bearing steel, as a critical raw material for bearing manufacturing, demands the highest performance and quality standards, along with the most complex production processes. Therefore, conducting carbon accounting and footprint tracing poses significant challenges, making it a core obstacle in developing near-zero-carbon bearings.
SKF's new near-zero-carbon bearing, the first of its kind in China, boasts a carbon footprint as low as 0.91 kg CO₂ eq per bearing. This achievement was accomplished through a manufacturing process that utilizes 100% scrap steel as raw material and is powered entirely by renewable energy.

In recent years, CITIC Pacific Special Steel and SKF Group have collaborated closely on the R&D, manufacturing, and marketing of green, low-carbon products, as well as on enhancing the accuracy and credibility of carbon accounting and footprint assessment. On August 19, 2024, the two parties signed an agreement on Green & Low-carbon Cooperation, marking a new chapter in their comprehensive collaboration for a sustainable future.
BackTelephone:86-10-64660088
Fax:86-10-64661188
Email:g-contact@citic.com
Address:CITIC Tower, Guanghualu, Chaoyang District, Beijing 100020, China
COPYRIGHT ©2015-2022 CITIC Group Corporation. 京ICP证030779-2号-2京公网安备 11010502030745号
This website is available over IPv6


