Date: 2013-09-10

ZYS Speeds up the Construction of Industrial Park

On September 2nd, the workers were stepping up the plant construction in the industrial park of ZYS (Luoyang Bearing Science & Technology Co.). Located in Yibin industrial cluster area, the project with a total investment of RMB 1.8 billion covers the planning area of 453 mu, including five subprojects of specialty precision bearings, high-speed railway and urban rail vehicle bearings, aircraft and clutches and components for new energy vehicle power transmission, special ceramics for bearings as well as new material of hard alloy with investment of RMB 1.2 billion in the first phase; projects of high-performance servo spindle motor and drive systems integration as well as intelligent CNC machining equipment and testing instruments with investment of RMB 600 million during the second phase. It is predicted that the project will achieve annual output value of RMB 3.6 billion and provide 3,000 jobs after being put into operation.

 

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