One Innovative Project of Xiangyang Yipai Ronghua Bearing Co., Ltd Obtained National Innovation Fund

Recently, it is learned from the Ministry of Science and Technology and the Ministry of Finance that the innovative project "Long-life, low vibration, low-friction torque, low temperature, PVD Permeation Coated bearing" declared by Xiangyang Yipai Ronghua Bearing Co., Ltd won the approval of 2012 National Innovation Fund and was granted science and technology funds of RMB 700,000.

As a modernized company, Xiangyang Yipai Ronghua Bearing Co., Ltd, with an area of 40 Mu, will mainly focus on the production and research of automotive bearings. The annual capacity is expected to reach 4 million sets, worth of RMB 90 Million.