China President Hu Jintao Visited LYC Bearing
Resource from: CBCC Likes:2916
Jul 15,2010
Accompanying by the staffs from China Economic Transformation Team, Mr Hu Jintao, the President of China paid a visit to LYC Group on July 10.
Chen Xuefeng, the Chairman of the Board of Henan Coal Chemical Group, and Chen Guozhen, from LYC Group greeted Mr Hu Jintao and the fellowers at the company gate. Mr. Chen Xuefeng, on behalf of Henan Coal Chemical Group, presented welcome speeches and introduced the rapid development of LYC group after the reconstruction during recent years. Presidented Hu nodded in agreement with his words.
In the Product Exhibiting Area, Chen Guozhen described the LYC current and future development and technological innovation situation in detail.Chen Guozhen reported to Chairman Hu that the company highly appreciated the care from Chairman Hu. In the LYC difficult period, Chairman Hu gave the twice important instructions to LYC.
The sales of LYC increased 30% in five consecutive years. The leading products currently in the domestic market have been in the forefront of the industry. The new LYC project is a major action to adjust product structure and transform the mode of development. Chairman Hu agreed the development of LYC.
In front of product showcase, Chairman Hu asked about the size and application of bearings, and information of product structure, technological innovation, market development and employee’s income and so on. Chen Guozhen reported to Chairman Hu one by one.
In the new LYC project site, Chairman Hu gave an important speech. He said, you overcame the difficulties and this is a new start point to you. And how to further deepen the enterprise reformation depend on this basic. In fact , if you want to make enterprise competitive, you must rely on mechanisms and innovation,otherwise, enterprise will lack vitality. LYC must be built as a world-class bearing R&D manufacutring base.
Chairman Hu left the new LYC factory at 11:33a.m.
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