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Luoyang Municipal Party Secretary Jiang Ling Conducts Special Research on High-Quality Development of Bearing Industry

July 22, 2024 – Luoyang Municipal Party Secretary Jiang Ling visited key bearing enterprises for investigation and held a symposium to study the high-quality development of the bearing industry.  

 Focus on Innovation & High-End Development  

During his visit to Luoyang Newbee Transmission Technology Co., Ltd., a leading high-tech enterprise specializing in precision bearings for semiconductors, aerospace self-lubricating thin-wall bearings, and other specialized applications, Jiang Ling commended the company's rapid growth. He encouraged the company to:  

Seize market opportunities and increase R&D investment to enhance product quality.  

Accelerate intelligent transformation and digital upgrades to improve efficiency.  

Align with national strategic needs, focusing on breakthroughs in core technologies to gain a competitive edge in the industry.  

Newbee Transmission, known for its high-precision, specialized bearing solutions, has been a key player in advancing China's high-end bearing manufacturing capabilities.  

 Symposium on Bearing Industry Development  

Secretary Jiang Ling later chaired a symposium with industry experts from Henan University of Science and Technology, China National Machinery Industry Corporation (Sinomach) Tenth Design & Research Institute, and leading enterprises. Discussions focused on:  

Industry trends and challenges in bearing technology.  

Policy support needed to foster innovation and industrial upgrading.  

 Jiang Ling emphasized:  

1. Seizing New Industrial Opportunities  

Expand into emerging sectors like wind power, NEVs (New Energy Vehicles), AI, and low-altitude economy to drive innovation.  

2. Strengthening Industry Collaboration  

Enhance the bearing industry alliance to promote synergy between large and small-to-medium enterprises.  

3. Deepening Reform & Technological Upgrades  

Support SOEs (State-Owned Enterprises) in reform and private firms in adopting modern corporate structures.  

Accelerate "Three Major Upgrades" (intelligent, green, and technical transformation).  

4. Building a Strong Industrial Ecosystem  

Develop targeted policies for the "15th Five-Year Plan" (2026-2030) to strengthen Luoyang's high-end bearing industrial cluster.  

 Luoyang's Competitive Edge in Bearing Manufacturing  

As a hub for China's bearing industry, Luoyang boasts:  

A complete industrial chain with strong R&D capabilities.  

Leading enterprises like Newbee Transmission driving innovation.  

Government-enterprise collaboration to enhance global competitiveness.  

 Secretary Jiang Ling urged all stakeholders to leverage Luoyang's advantages, foster innovation, and solidify its position as a global leader in high-end, precision bearing manufacturing.  

 Key Takeaways:  

Newbee Transmission's growth reflects Luoyang's strength in high-end bearings.  

Government supports digital transformation & emerging industry applications.  

Strategic planning for the "15th Five-Year Plan" to boost industrial clusters.  

 Next Steps:  

Policy support for R&D and industrial upgrades.  

Expansion into wind energy, NEVs, and AI-driven bearing solutions.  

Enhanced collaboration between enterprises and research institutes.  

This initiative reinforces Luoyang's commitment to becoming a global leader in advanced bearing technology.