Date: 2013-07-31

"New LYC Project" was Listed Among the Key Transformation Project in Henan Province

Recently, regarding "Opinions on Strengthening the Technical Transformation of Enterprises and Promoting Industrial Optimization and Upgrading" issued by "Gazette of the People's Government of Henan Province", "New LYC Project" was included in key transformation project in Henan province.

The opinion pointed out that technical transformation is an effective way of promoting industrial restructuring and upgrading, and speeding up the transformation of the economic development mode.

Equipment manufacturing industry should focus on enhancing the independent innovation, value-added services, advanced manufacturing and industrial support. Taking basic common technical transformation including casting, forging, heat treatment, and CNC machine tools application as a focal point, it tries to promote the equipment manufacturing industry. In addition, the four industries valued CNY 100 billion, including power transmission equipment, construction machinery and basic parts, would be developed and strengthened through implementing a series of important projects like large-scale mining outfit of CITIC Heavy Machinery and new LYC project etc.

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