National millions of money to support technology projects Luoyang LYC Bearing

Recently, the National Development and Reform Commission jointly issued a public letter to key industrial revitalization and transformation in 2011 the central budget for investment plans, Henan Province has seven projects included, among Luoyang LYC Bearing Co., Ltd. produce 750,000 sets of heavy machinery bearings renovation project received 10.4 million yuan financial support, is the largest financial support for the project.
The total investment is 216 million yuan, completed, heavy machinery bearing an annual production capacity of 750,000 sets of new product technology has reached the leading level, and import substitution, can effectively improve the bearing of heavy machinery and equipment localization rate and design manufacturing quality and level, improve Luoyang Bearing visibility.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 slewing bearing 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.