Luoyang is one of the 156 construction projects during the "First Five-Year Plan" period in China, one of the largest comprehensive bearing manufacturing enterprises in China, and also a production base for domestic bearing products with a wide range of sizes, wide use coverage, and complete varieties, and has maintained many records in China's bearing industry. The LYC brand bearings produced by Luoyang were listed in the "121" plan to protect famous and high-quality products. LYC bearings are in operation in the Three Gorges Project, the Xiaolangdi Project and the "Shenzhou" series spacecraft. In 2002, Luoyang passed the ISO2000 quality system certification, among which, the automobile bearing production line also passed the QS9000, VDA6.1 and ISO/TS16949 certification in China. LYC products are widely used in mining and **llurgy, railway vehicles, motorcycles, construction machinery, machine tool motors, national defense and military industry and other fields.
The company ranks 85th in the country in the technology it owns. It develops more than 350 new products every year. It can design and manufacture more than 10000 bearing varieties of nine types and various precision grades according to the needs of users. It has a relatively complete new system for product research and development, testing control and technological innovation, and has a number of independent property rights.
