On the morning of March 23, Mr. Yin Hong, the governor of Henan Province, and a group of 7 people went to Luoyang Bearing Research Institute Co., Ltd. to inspect the development of the bearing industry, conducted field investigations on our company’s precision bearing manufacturing department and space shaft system development department, and held a symposium on the development of Luoyang bearing industry.

In the precision bearing manufacturing department, Governor Mr. Yin Hong inspected the production of high-precision bearings and our newly built intelligent production line, asked in detail about bearing raw materials, precision grades, craftsmanship, and key difficulties, affirmed the breakthrough made by our intelligent flexible production line in terms of technological innovation. In our laboratory, Governor Mr. Yin Hong, after seeing the special bearing products we produced, expressed his appreciation for our outstanding contribution to the development of the country, and encouraged ZYS to continuously improve the level of innovation and empower the development of the bearing industry.

Then, Governor Mr. Yin Hong hosted a symposium to have in-depth discussions with Luoyang bearing industry experts and representative bearing entrepreneurs to discuss how to promote the development of Luoyang bearing industry. He pointed out that Luoyang is one of the five major bearing production bases in the country. There are more than 300 companies in Luoyang that produce bearings, with an annual output value of more than 20 billion and 20 companies with an annual output value of more than 20 billion yuan. It has unique advantages in market competition and development, which embodies the technical capabilities and corporate value of Luoyang bearing industry. He asked the companies present to make full use of their existing advantages, lead by scientific and technological innovation, accelerate the upgrading of traditional industries, promote the development of industrial linkage, and focus on the needs of the mid-high end bearing market.

As the only scientific research institute in the national bearing industry, Luoyang Bearing Research Institute Co., Ltd. should assume greater responsibility.