Date: 2013-07-31

Previous Acquisition Successfully Help LYC Walk Out of Crisis

On Dec. 18, Yuoyang LYC Bearing Co.,Ltd held their 1st anniversary celebration for their founding. In the past year, their sales have reached 1.25billion yuan.

In order to walk out of the crisis, Luoyang Bearing Group was forced to be acquired by Yongcheng Coal & Electronic Group(YCEG) one year ago. In the passing one year, with the help of YCEG, Luoyang Bearing Group came back to the bearing market with renewed vigor and once again stand as a bearing power in China.

All the facts have proved that the one year ago acquisition was a big success.

Related story: Story About The LYC-YCEG Acquisition

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