A Technological Transformation Project from LYC Received Supporting Fund of More than RMB 10 Million

Resource from: CBCC Likes:3036

Oct 21,2011

Recently, the investment plans within the central budget devoted to rejuvenation and technological reform of key industries were jointly released by by the China’s National Development and Reform Commission and Ministry of Industry and Information Technology, among which there are 7 projects were listed in Henan. One of them, the technological transformation project with annual productivity of 750,000 sets of overloaded mechanical bearings from LYC, gained financial support of RMB 10.4 million, which is also the project receiving the biggest financial support. With a total investment of RMB 216 million, the project is expect to reach the annual production capacity of 750,000 sets of heavy load mechanical bearings after it is completed. The product technology will reach the advanced level in China to replace the import products, effectively improving the China's localization rate of bearing for heavy machinery and equipment.

(CBCC)

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