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On March 14, Li Ya, Vice Governor of Henan Province and Secretary, Municipal Committee of the CPC, as well as related leaders of Mengjin County paid an investigation visit to Luoyang Hongyuan Bearing Technology Co., Ltd. Zhou Shuzhou, Chairman of Hongyuan Bearing, and Wu Qiaoling, the General Manager, well received the guests and accompanied the visit.
"Precision turntable bearings and cross roller bearings are key parts for high-end CNC machine tool spindles. Hongyuan Bearing accounts for more than 80% market share in this sector, 40% of such products have been exported to Germany and Italy. In fact, we have established strategic cooperation with the world's largest machine tool company," Zhou said while reporting to Li on the company's business management, product development and current market conditions.
Beyond that, Hongyuan Bearing has began to develop precision bearings for industrial robots since 2011, and set up partnerships with six of the domestic ten top robot brands. In 2015, Henan Luoyang Municipal Government issued a document to support the construction of robotics and intelligent equipment industry base, and Hongyuan Bearing was included in the "supporting" list.
During the visit, Li pointed out that there are still breakthroughs to be made in the robot bearing technologies, and it is our responsibility to provide more guidance and support to involving enterprises on the way of localization.
| Product Model | Inside Diameter | Outside Diameter | Thickness |
| IR25×32×22 NTN | 25 | 22 | |
| IR22×28×23 NTN | 22 | 23 |