Date: 2013-07-31

LYC Invests $174 Million to Build Automobile Bearing New Plant

Since the last August, NTN LYC (Luoyang) precision bearing project has been well progressed. At present, the main steel structure of the joint plant has been fully completed, the floor and plant road construction is ongoing, which is expected to be put into trial production this July.

NTN LYC (Luoyang) Precision Bearing Co., Ltd is jointly funded by Luoyang LYC Bearing Co., Ltd of Henan Coal Chemical Industry Group and NTN (China) Investment Co., Ltd. With the total investment of $174 million, this new project will adopt the world most advanced automobile bearing manufacturing technology to produce high quality 2nd & 3rd generation automobile wheel hub bearing units and gearbox needle bearings.

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