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Genertec Join LBG Acquisition Contest
Sept. 5, top official of Luoyang Bearing Group(LBG) revealed that China General Technology(Group) Holding Limited(hereinafter referred to as "Genertec") has expressed their wish to acquire LBG. Management of LBG had visited Genertec's head office in Beijing last week for detail of the acquisition.
Genertec is one of the 169 state-owned enterprises, mainly engage in trade of M.E. products for key technologies, manufacturing of key equipments, production of medicine and its trade etc. They are a major enterprise in the fields of large equipments export, international construction contract, foreign economic exchange and cooperation.
Before Genertec's joining, the most possible candidate of LBG acquisition is the combination of China Development Bank(CDB) and Zhejiang Tianma Bearing. Because CDB is one of LBG's loaners and they are also supported by China Machine Association. Tianma Bearing will provide CDB with the necessary platform to carry out the acquisition.
However, Genertec's participation again confused the situation. Genertec has worked in machinery industry for many years which bring them abundant industrial experience. In addition, they are surbordinated to Ministry of Commerce of China, whom may push ahead with their acquisition of LBG.
| Product Model | Inside Diameter | Outside Diameter | Thickness |
| H31/850HG bearing | 850 | ||
| H240/850HG bearing | 850 |