Date: 2013-07-31

"LYC" was Identified as "Chinese Well-know Trademark"

In the list of "Chinese Well-know Trademark" released by Trademark Office of State Administration for Industry and Commerce of China on Oct. 8th, the "LYC" trademark of Luoyang LYC Bearing Co., Ltd. was listed, which was the highest honor that the company received in the Chinese trademark field. It has significant meanings for the company to improve the brand value of "LYC" and to expand the international and domestic market.

"LYC" is the accumulation of the culture in Luoyang LYC Bearing Company which congeals the painstaking labour of several generations of people in the company. For many years, the company has strengthened the brand construction and trademark protection work and "LYC" has been identified as "Most Competitive Brand in Chinese Market", "Most Influential Brand in China", "Famous Brand in Henan Province","Famous Brand Products in Henan Province" and "Henan Provincial Inspection Exemption Product",etc. in succession, especially, since the application for the "Chinese Well-know Trademark" in April, 2009, all the application materials of the company have received the approval of the Provincial and Municipal Industry and Commerce Administration, Bearing Industry Association and China Industry and Commerce News.

It is learned that Chinese Well-know Trademarks are identified by Trademark Office of State Administration for Industry and Commerce of China, Trademark Evaluation Committee or by People's Court according to the process of law. After the company received the Chinese Well-know Trademark identification, its trademark can be protected by the law more strongly in the company name, domain name and other areas; the company also can receive the policy support from the government as well as the financial encouragement; the most important is that it can bring huge economic benefit, brand honor and the increase of intangible asset value. The identification of well-know trademark means that LYC brand has approved by the national authorized department.

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