Production Line of Automotive Wheel Hub Bearings constructed by NTN-LYC entered the stage of Trial Production
The technical staff are debuging equipment at the construction site of NTN-LYC (Luoyang) Precision Bearing Corporation.
The project is jointly funded and constructed by Luoyang LYC Bearing Co., Ltd. and NTN (China) Investment Co., Ltd., with a total investment of $ 174 million, and for production of needle roller bearings for the second and third generation high quality car wheel hub bearing unit and gearbox by means of the world's most advanced technology. The project has entered the stage of debugging production, and once completed, it will realize the annual output of 61.94 million sets of precision bearings with the annual sales income up to 830 million yuan.
About the joint venture
NTN LYC (Luoyang) Precision Bearing Co., Ltd., is a 50-50 joint venture co-founded in Luoyang by NTN Corporation (China) Investment Co., Ltd. subordinated to Japan NTN and Henan Luoyang LYC Bearing Co., Ltd. subordinated to Coal Group. The total investment is $ 174 million, wherein, the first stage of investment is $ 93.5 million investment, and the registered capital of $ 73.8 million.
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