/China Industry News/
In the first quater of 2005, output value of Luoyang LYC Bearing Co.,Ltd hit RMB180 million Yuan. The monthly sale in March hit RMB80 million Yuan which broke the monthly sales record in LYC's history. Luoyang LYC Bearing Co.,Ltd was formed by LYC Group and Yongcheng Coal and Mechanical Group(YCE) in late 2004.

In China, LYC Group, Wafangdian Bearing Plant and Harbin Bearing Plant were regarded as the top 3 bearing enterprises. In order to gain further development, the LYC Group formed a joint venture with Yongcheng Coal and Mechanical Group in Dec. 2004. New management was implemented in the joint venture. It's characterized by centralized purchasing, reserving and capitalizing; unified planning, distributing and managing. Marketing strategy and market segamentation were well planned. It's very successful that LYC cooperated with Yongcheng Coal and Mechanical so far.


YCE and LYC Group Formed a New Joint Venture

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