Luoyang LYC Bearing projects included strategic pillar industry of key projects

Not long ago, in Luoyang City, announced the "Luoyang City National Economic and Social Development Twelfth Five-Year Plan", LYC bearings with world-renowned enterprises in Japan NTN Bearing Corporation joint venture project - built the world's most advanced in Luoyang the wheel bearings and needle roller bearings manufacturing plant, was included in Luoyang strategic pillar industry of key projects, highlighting the importance of the project status and good development prospects.
 October 11, 2010, LYC bearings and NTN Corporation joint venture contract signing ceremony was held successfully, CCTV evening in the "Network News" section to be reported. For a time, many domestic media competing forwarding this news, greatly enhance the LYC Bearing in domestic and international visibility and influence.
Joint venture located in Luoyang City Luolong Technology Park, covering 200 acres. Under the joint venture contract, the project total investment of $ 93.5 million, LYC bearings and NTN Corporation 50-50. Joint venture company will be the international advanced production technology, building a representative of the national industrial policy and the direction of the market development of advanced backing bearings factories, project planning and production of high-quality two, three generations of car wheel bearing unit and gearbox with needle bearings, fully oriented products automotive industry.
 Luoyang municipal government attaches great importance to demonstration projects, has been the introduction of relevant safeguards established target responsibility system, strengthen coordination to promote, strengthen the assessment of incentives to create a favorable construction environment to ensure the smooth construction of demonstration projects