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Date: 2013-07-31

LYC Bearing Report Strong Result 1st Quarter

During the 1st Quarter 2006, Luoyang LYC Bearing Co.,Ltd(hereinafter called "LYC") experienced their first prosperity in 2006.

Output were 323,000 sets, creating a record high output value of RMB60.5 million. Meanwhile, the company also developed 161 new bearings.

In the first 3 months, demands of new type bearings growed much more faster than before. To cater to the market requirments, LYC employed market-based new products developing strategy, which contributed to the 161 new type bearings developed in the 1st quarter.

Luoyang LYC Bearing Co.,Ltd is a new state holding company as a outcome of the acquirement between Luoyang Bearing Group(LYC) and Yongcheng Coal and Electricity(Group) Co.,Ltd.

Luoyang LYC Bearing Co.,Ltd ,located in Luoyang city,Henan province,covering an area of 2,090,000 square meters,is the largest comprehensive bearing manufacturer in China. It can product more than 10000 types of rolling bearing with 9 categories and all kinds of tolerance classes. Furthermore,Luoyang LYC Bearing Co.,Ltd produces kinds of bearing processing machine and equipment.


Luoyang LYC Bearing Co.,ltd


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