China Gengsheng Minerals, Inc., a leading developer, manufacturer and marketer of a broad range of high-tech industrial material products in China, recently announced that the company has established a new government-supported R&D center. This new center will be housed on the premise of the company’s subsidiary, Henan Gengsheng Refractories Co., Ltd., for integrated research and development purposes in order to quickly commercialize mineral-based industrial materials.
As one of the 64 key industrial engineering and technology centers designated by the Henan Provincial Government this year, the government is expected to provide grants and low-interest loans for the these institutes to develop new products and key innovations.
Mr. Shunqing Zhang, chairman and chief executive officer of China Gengsheng Minerals, Inc., stated, “Gengsheng is proud to house a provincial-level R&D center with the express government support.” He continued, “On the heel of the recent start of the trial production of our fine precision abrasives, which have a wide range of applications in the solar and semiconductor industries, such as the slicing of ingots and the polishing of PV panels, we will now have a sharper focus on bringing more key, value-added innovations to commercial use and also respond to our high-tech customers in a more expeditious manner.”
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