Luoyang Hongyuan Bearing Technology experimental center helps product orders make a good start(pic)
Recently, at the newly built experimental center of Luoyang Hongyuan Bearing Technology Co., Ltd., the automatic testing equipment was carrying out all-weather test of bearing performance.
Located in Luoyang Airport Industrial Cluster, the company is a key demonstration enterprise in Mengjin county. The experimental center was established in 2016 with the investment of over RMB 2 million, reducing new product development and market entering cycle by more than 60%. In the first quarter of this year, the order amount increased by 4 times over the same period of last year. Currently, the company has been fully committed for the fist half of this year, including more than 400 domestic and foreign fixed customers in high precision special bearing industry, accounting for 50% of domestic thin-walled cross roller bearing market and 80% of domestic YRT slewing ring market.
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