It is learned from certain department that Chinese five railway bearing manufacturers including LYC has passed a agreement with railway department, which is the price of accelerating van bearing will be increased. From 01 April, all of the newly offering contract about the kind of bearing will perform new regulated price.
　　
Recently, as the national railway industry develop fastly, it makes more new demand room for accelerating van bearings. However,it is the price of the raw material cost is rising continually that make the manufacturers about the kind of bearing feel embarrassed.In order to reduce the impact from the cost of raw material uping, the chinese five railway bearing industry has reached a agreement with railway department the price of the kind of bearing should be increased in March 2005. Meanwhile, the five manufacturers of railway bearing signed the agreement of price self-disciplining with the commitment of unifying saled price and rejecting unlegal competition so as to protect industry benefit.

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