Luoyang Juchuang Bearing Technology passed GAD's Price Audit

On July 25, a price audit group assigned by General Armament Department (GAD) visited Luoyang Juchuang Bearing Technology Co., Ltd for price audit of its military bearings. During the visit, Zhang Jian, general manager of the company, reported to the audit team about the delivery of ancillary products in the first half of 2012 and production schedule in second half. Subsequently, the audit group conducted price accounting to 26 materials for quotation individually, and finally announced that the military bearings were priced reasonably.