China Luoyang Luolong District Policy dividends released to stimulate new economic vitality

At the beginning of the New Year, various industries in Luolong District, Luoyang City, Henan Province  of China quickly entered a busy production state. According to a report sent back by Huang Sha from Luoyang on Feb 24, 2025, Luolong District is promoting economic growth through a series of measures, striving to achieve a 15% increase in fixed asset investment in the first quarter, and ensuring a smooth start for the whole year.

Entering the intelligent roller production workshop of Henan Weichuang Bearing Precision Technology Co., Ltd.,(WBM-China Professional provider of bearing cold heading dies, taper rollers, grinding tools and detection equipment and comprehensive service of consultation/marketing in supply chain in bearing industry ) you can see that multiple automated production lines are running at full speed, and the roar of machines is endless. The intelligent transformation enables the workshop to achieve uninterrupted operation around the clock, significantly improving production efficiency. The person in charge of the company said that in order to ensure that the order is completed on time, all employees have returned to their posts on the eighth day of the first lunar month and devoted themselves to the intense production work.

At the same time, on the lathe processing and assembly production line of Luoyang LYC Automotive Bearing Technology Co., Ltd., engineers are carefully adjusting the robot program to ensure that the appearance quality of each product meets the highest standards. The company focuses on the research and development and sales of second- and third-generation automotive wheel hub bearings and their components, serving the major brands in the domestic new energy vehicle industry.

At Luoyang Resda Transmission Co., Ltd., employees are busy producing various transmission equipment. As a high-tech enterprise, the company focuses on the design, research and development, production and sales of hydraulic and transmission equipment such as transfer cases and special gearboxes. Its products are widely used in military equipment, oil drilling equipment and other high-tech fields, and it has been rated as a national-level specialized and new small giant enterprise.

The Luolong District Development and Reform Commission has taken a series of precise measures to promote the high-quality development of enterprises in the district. Through innovative and efficient service models, Luolong District has strengthened the promotion and service guarantee of major projects, established a "leadership subcontracting + work special team" mechanism, dynamically managed project progress, and solved problems encountered in a timely manner. In addition, the monitoring and analysis of key economic indicators have been strengthened to ensure the effective implementation of provincial, municipal and district-level policies and measures. It is expected that by the end of February 2025, there will be 10 new enterprises in the service industry above a certain scale in the district. So far, Luolong District has applied for 34 major projects with a total investment of 1.39611 billion yuan; there are also 7 emerging projects with a total investment of 448.54 million yuan.