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Date: 2013-09-03

Luoyang Bearing Science & Technology Co. Gets into High-speed Rail Bearing

High-speed raid brings market of several RMB billions for bearing industry every year while offers travel convenience to everyone. However, the current bearings on Chinese high-speed rails are all imported ones. Therefore, Luoyang Bearing Science & Technology Co. declared that the company had prepared to develop high-speed rail bearings and tried to get into high-speed rail bearing market.

Mr. Wu Zongyan, the president of Luoyang Bearing Science & Technology Co., said that all kinds of high-speed rail bearing had a market of 5 to 6 RMB billion and most of them were imported.

“High-speed rail bearing is actually a FMCG product. The rail bearing should be replaced in one year for Beijing-Shanghai High-speed rail.” He predicted that if everything goes well, Luoyang Bearing Science & Technology Co. will add a high-speed rail bearing production line in the first half year of next year.

 


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