Date: 2013-07-31

LYC was Granted the Title of Advanced Collective for Post-disaster Restoration & Reconstruction after Wenchuan Earthquake by Relevant State Departments

Recently, the Ministry of Human Resources and Social Security of PRC, Development and Reform Commission of PRC and General Politics Department of PLA jointly issued a document to grant Luoyang LYC Bearing Co., Ltd. the title of "Advanced Collective for Post-disaster Restoration & Reconstruction after Wenchuan Earthquake" .

Upon receipt of the task to support Jiangyou by provincial government, Henan Coal Chemical Industry Group Co., Ltd. attached great importance this project and appointed principal leaders to take the responsibility of the project coordination. LYC also established a special working group responsible for the project promotion. In early 2009, the project entered the stage of preliminary market research, and on December 15, the first batch of processing equipment for this project arrived at the production & construction site. On the Second Anniversary of Wenchuan Earthquake held on May 12, 2010, Zhang Dawei, the vice governor of Henan Province, Xue Kang, the deputy secretary general of Sichuan Provincial Government, and other leaders attended the company opening ceremony, marking Jiangyou LYC as the first Henan-aided construction project officially put into operation.

Jiangyou LYC, a key industrial project for reconstruction of Sichuan disaster areas supported by Henan Province, is located in Jiangyou City Industrial Park with a total area of over 4000 square meters, and has received a total investment of 40 million yuan, mainly engaged in the production and sales of deep groove ball bearings in line with national industrial policies and suitable for the prospects of Southwest bearing market.

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