On August 21, Lingyuan Technology's joint stock company (referred to as "Lingyuan Technology") held a groundbreaking ceremony for the High-tech Equipment Industrial Park (Phase III) project in Yongji Economic Development Zone, Jilin City. This important move marks Lingyuan Technology's determination to adhere to the innovation-driven development strategy and actively open up new fields and new tracks for development.

Aerial view of the plant planning of the third phase project

For many years, Lingyuan Technology has always regarded technological innovation as the core driving force for enterprise development, adhered to the path of independent innovation, and dedicated itself to overcoming technical problems in the industry. Wind power spindle bearings and shield machine spindle bearings, as cutting-edge positions in the equipment manufacturing industry, have long been recognized as difficult and demanding in the industry. These two fields not only represent the top level of the equipment manufacturing industry, but also an important yardstick for measuring a country's high-end manufacturing capabilities.

Plant planning diagram of the third phase project

In the face of many difficulties, Lingyuan Technology did not flinch at all, but embarked on the journey of climbing the peak of science and technology with a more high-spirited attitude. This project plans to invest 600 million yuan and covers an area of 40,000 square meters. It aims to promote product upgrading and enhance the core competitiveness of enterprises through independent innovation technology and modern production line construction.

Group photo at the groundbreaking ceremony of the third phase of the project

In terms of plant construction, the project plans a modern production workshop of 25,000 square meters, which will be equipped with a complete bearing full-link closed-loop production line, and each production link will achieve 100% complete autonomy and control to ensure the stability and excellence of product quality.

The groundbreaking ceremony of the third phase of the project

In the future, with the smooth progress of the High-tech Equipment Industrial Park (Phase III) project, Lingyuan Technology will achieve more remarkable results in the field of wind power spindle bearings and shield machine spindle bearings. It is expected that the project will be completed in November 2024. After the project arrives, the expected goal of annual sales revenue 500 million yuan and tax 80 million yuan will be achieved. At the same time, after the completion of the project, it will also drive more than 100 jobs and make positive contributions to local economic development and social stability.

(Source: Lingyuan technology joint stock company)