September 11th
Over 1 billion RMB will be invested into LYC industries this investment will focus on upgrading all 6 major divisions:
1) The rail transit bearing project represented by 350km/h high speed CRH bearing.
2) The wind turbine 3rd bearing project represented by gear box bearing.
3) The new vehicle bearing project represented by third-generation hub bearing.
4) The industrial machinery bearing project represented by shield machine bearing and high precision roller bearing.
5) To research and develop a noiseless high-grade motor bearing this will be based on large scale automated manufacturing production.
6) Increase the capacity of the Technology Innovation Center building.
All the above projects are expected to complete within one and a half year.
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