Date: 2013-07-31

LYC Signed Strategic Cooperation Agreement With Shenyang Machine Tool

In the presence of Mr. Chen Guozhen, the Board Chairman and General Manager of LYC Luoyang Bearing Corp. (Group), representatives from LYC paid a visit to Shenyang Machine Tool Group on June 24.

During the visit, the two parties signed a strategic cooperation agreement on CNC machine tool bearings. According to Shenyang Machine Tool, the bearings they required could only rely on import in the past, this cooperation will be the most cost-effective way for them to strengthen their competitive ability in market.

With over five decades of abundant experience in bearing industry, LYC Group have been supplied bearings to the measure and control radar system of the "Shenzhou" and "Change" series spaceships successfully.

It is reported that bearing varieties and inspection technology will be enhanced when the "New LYC Project" completed at the end of 2010, which will further ensure the technical support for advanced CNC machine tool bearings.

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