A New Abrasives Joint Venture Co-invested by Two Business Giants

iAbrasive reporters have learned on June 14, 2014 that White Dove Abrasives Co., Ltd. has collaborated with Shanxi Senrun Coal Chemical Co., Ltd. to give birth to " White Dove & Senrun Abrasives Co., Ltd.", which is a combination of renowned state-owned enterprise with private enterprise.

As one of the top 100 companies in Shanxi province, Senrun Coal Chemical Co., Ltd. owns abundant mineral resources, electricity and coal gas. Its partner White Dove Abrasives Co., Ltd. is the business giants in abrasives industry, with plenty of talents, advanced technology, high-end equipments and broad market prospect. White Dove plans to move its brown fused alumina assembly line to Shanxi Gu County, where the joint venture locates. After company reform and improvement, the brown fused alumina annual output is projected to hit 40,000 tons.

Zhengzhou State-owned Assets Supervision and Administration Commission (SASAC) reveals that the establishment of White Dove & Senrun Abrasives Co., Ltd. is a huge move for state-owned enterprises to focus on system innovation, which is of great significance to develop state-owned assets flexibility, adjust product structure and achieve property diversification.--iAbrasive report