Release time : 2015-06-15 09:21:11
On the morning of Aug 28, Luoyang Bearing Science & Technology held a grand ground breaking ceremony for its new plant in Jianxi Technology Industrial Park. With a total investment of RMB 438 million, the new company will be mainly engaged in the manufacturing of large precision Needle Roller Bearings for heavy duty industry.
With the rapid development of heavy chemical industry, the demand for large bearing has rocketed, especially the one with the OD more than 1m. The establishment of this new plant will not only contribute to the development of Luoyang bearing industry, but will also satisfy the increasing demand for such large bearings.
It is said the outputs of the super-large and large bearings will reach 4000 sets and 6600 sets respectively when the new plant comes online. Luoyang is expected to be an important manufacturing base for large bearings in the near future.