New LYC Project Groundbreaking in Luolong Science & Technology Park

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Sep 18,2008

The groundbreaking ceremony of new LYC project was held in Luolong Science & Technology Park of Luoyang New Area on the morning of Sep.17, 2008. The Chairman of China Bearing Industry Association Zhang Qiaofan, Provincial Deputy Director of the SASAC(State-Owned Assets Supervision and Administration Commission) Chao Fengxian, Inspector of Technology and Industry for National Defense of Henan Province Wu Weiwei, Vice President of Yongcheng Coal & Electricity Holding Group Co., Ltd Chen Xiang'en, etc. were invited to attend this ceremony. With a total investment of RMB 2.5 billion and a land of 1,000 Mu, this new LYC will dedicate to the manufacturing of wind turbine bearings, precision machine tool bearings, special precision bearings, automobile bearings, large & extra-large bearings for major technical equipments, bearings for railcars, bearings for mining and metallurgy industry, etc. In addition, one first-class Bearing R&D Testing Center is projected to be established. According to the construction plan, this new LYC project is scheduled to be completed in two periods.

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