NEWS CENTER

Linqing Bearing implements a differentiated development strategy

2017-01-11

The statistical report of the China Bearing Association shows that the international advanced bearing enterprises develop more than 300 new products every year, the domestic large-scale enterprises such as Luoyang LYC develops nearly 200 new products every year while the number is only 30 for key enterprises in counties, thus forming a “Lack of medium and high-end enterprises, surplus of low-end enterprises”

At present, the Linqing bearing industry has seen a new development trend of "one company, one product" and "one company with multiple products". A group of bearing companies have been focusing on differentiated development and have continuously increased their entrepreneurial and innovation efforts.