Date: 2016-06-09

Luoyang Hongyuan Bearing Technology expects annual sales to increase by 30% due to the mass production of iPhone7

These days, Zhou Shuzhou, Chairman of Luoyang Hongyuan Bearing Technology Co., Ltd, begins every day by checking the latest news about the production of iPhone7. "Based on past experience, we will have a significant increase in sales after Apple's new phone put into mass production." Zhou said.

The company's robot bearings project with annual output of 100,000 sets of bearings is located in Airport Industry Cluster, Mengjin County, which is reconstructed based on the riginal plants, warehouses, and buildings with the total area of 9000 square meters and adding 45 new high-precision CNC lathes.

"Our industrial robot joint bearings and high-end CNC machine tool bearings have been widely used in the mobile phone production lines", Zhou added, "Today, high-grade industrial robots and machine tools equipped with Hongyuan bearings have been used in the production lines of Foxconn for grinding, polishing, drilling and other processes required in the production of iPhones."

Luoyang Hongyuan Bearing Technology maintained the annual growth of sales revenue in the range of 30% to 40% under the downward pressure on economic growth nationwide. Now, the company has taken the lead in the two market segments precision turntable bearings and cross roller bearings, with 40 % of products exported to Europe, North America, India and other countries and area.

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