China: Luoyang Bearing Group Corporation achieved new level on development of new products in the first half year

From January to June, Luoyang Bearing Group Corporation (The biggest scale synthetic bearing manufacturer of China) has developed 347 new assortments and the sales is 68,420,000 RMB, up more than38.7% in 2002, which acquired the best achievements in history. From very beginning of this year, the corporation arranged year production management goal around the principle of¡°create organizations, stress focal points, quickly reaction, insure market¡±. It constantly strengthened dynamics of adjusting production structure, taking aim at machinery, chemical industry, mining and metallurgical, automobiles and so on key trades and trades supported by government to ensure the work of development and research. At the same time, it has coming to recruit batches of customers that with great potentiality, which amplified the market portion of LYC brand constantly and preliminary formed the central Luoyang production and market of Luoyang Bearing Group Corporation. The next work is to achieve the year goal, especially sets focus on improving the contract execution ratio and the quality of products.