The 2 million sets of bearings for machine tool project from Lan Yu Precision Bearing Co is located in the town bearing Pan industrial park project in March 2012 , covering 35 acres , a total investment of 130 million yuan.

The project is divided into two phases. The first phase has an investment of 80 million yuan and has started construction in August. The ground attachments have been cleared and the infrastructure projects such as the fence have been completed. By the end of the year, two 7,000 square meters of steel structure standardized workshops, two 3,000 square meters of multifunctional comprehensive office buildings and staff dormitory restaurants will be completed. The second phase of the project has an investment of 50 million yuan and started in May 2013. The company will introduce more than 100 sets of advanced production equipment and testing instruments such as CNC lathes, double-section grinders, shape measuring instruments, superfinishing machines, centerless grinders, Rockwell hardness testers, surface roughness testers, etc. from home and abroad, and build 8 domestic leading precision bearing production lines. Specializing in the production of double-row angular contact ball bearings, single-row angular contact ball bearings, and double-row deep groove ball bearings. The low-noise angular contact ball bearings produced by the company will reach the China domestic advanced level. 

After the project is put into production, it will seize the main market share of special bearings in the field of machine tools and textiles, and the annual sales will exceed 100 million yuan, realizing profits and taxes of 15 million yuan. It will play a positive role in optimizing the industrial structure and improving the grade of the bearing industry.