Luoyang BECOT Scientific Technology Co.,Ltd was founded in early 1999 with now a whose total asset over one hundred million. It locates at the bank of Yi River and the foot of Zhou Mountain and acts as an excellent member in Luoyang National High-New Tech Development Zone.
BECOT has been keeping a continuous growth during the past seventeen years. The research team, which contains professionals from Tsinghua University and Wuhan University, is the important source of vigor in the company’s development and has creatively raised the concept of “Friction Driving System(friction linings + wire ropes)”. That is to say, apart from the company’s cash cow product K25 Friction Linings, the company is now offering a systematic product chain with the main focus on Wire Ropes. The products & services it is now able to offer include Friction Linings, Wire Ropes and the consulting & maintenance of linings and ropes throughout their life-cycle. BECOT hence positions itself as not merely a sales agent or a product manufacturer but more like a “Friction Driving System”solution provider.
At present, the company is no doubt the leader in this field and its products are widely used in various big mines. The wire rope covers 70% market shares among all imported round strand wire ropes in China. The K25 lining has also the same achievement that covers over 80% market shares in all kinds of applications in China. Both of the products have even a 100% dominating position within some of the giant mining group companies. The maintenance services such as rope greasing, rope de-greasing, rope NDT and numerical rope groove turning have all achieved a good reputation in the fields as well. In fact, this package of wire rope related maintaining services has alone become a “product” we are now also selling to our customers such as Mining Groups from China Coal Group, Lu’an Group, Huainan Group and Wire Rope Manufacturers including BRIDON and HAGGI. In order to make this advantage of being able to offer services a competitive one, BECOT has developed a series of special tools and customized programs that were able to add the most value to our customers.
BECOT aims to put forward solutions for the customers and develops its research ability continuously. The company is now expanding to some new fields with the same operating logic of “Friction Driving System”, such as cableways, ports and drilling platforms etc. BECOT offers consulting on linings and ropes to them and put forward maintenance solutions.
In order to keep a state-of-the-art technology, BECOT has established a close corporation relationship with many universities such as Tsinghua University, Taiyuan Technology University, Henan Technology University, Luoyang Technology University, Stuttgart University (IFT) etc. With the easy access to their R&D abilities, BECOT has been able to maintain a constant development in the technical side.
The company itself has now a city level Friction Lining Research Center and a provincial level Wire Rope Research Center. The two research centers consist in total 5 post-graduates and 20 well-educated members, and their main job is to make sure the company has the most advanced products & services to offer in the “Friction Driving System”fields.
The company was praised and awarded by various field during the past years:
l In 2004, it was awarded as “ Hennan HIGH- NEW tech Enterprise”.
l In 2005, the lining research center was awarded as “ Luoyang Friction Linings Technology Research Center”.
l In 2007, it was awarded as “ one of the 20 High-NEW Technology Growing Enterprise”by Luoyang National High-new Development Zone.
l In 2008, it was awarded as “The Most Advanced Henan Enterprise with Foreign Investment”
l In 2010, it was awarded as “Luoyang Key Protection Unit of Independent Intellectual Property Rights in Innovation”.
l In 2013, it was awarded as “Advanced Unit of Production in Safety”and “ Hornor of Quality in Luoyang High-New District”.
l In 2014, it was awarded as “ Henan Innovation Pilot Enterprise. The project “ G30 friction linings used in mine hoisters”was awarded for the second praise of Luoyang Scientific and Technological Advancement and the other project“Key technology and equipments in hoisting system”was awarded for the first praise of Shanxi Scientific and Technological Advancement.
l In 2015, the company was designated as the International Technology Corporation Base by Henan Provincial government. This is to say that in the future for any corporation with foreign companies which hosted by BECOT, the government is gonna give a series of special assists and favorable policies to best protect both parties.
l In 2016, the company became public and was listed in the National SME Share Transfer System Center, which then paves the way for any potential M&A and provides a easy cash financing platform