SINOMACH Cooperates with Yichuan to Build Strategic Abrasives Industry Base

According to iAbrasive report, the signing ceremony of "Agreement on Integrating Yichuan Abrasives Industry Strategic Cooperation" was held in Yichuan County, Luoyang on Dec. 8, 2015. The two sides were Yichuan County Government and SINOMACH Precision Industry Co., Ltd.

Liu Dagong, chairman of the board, Zhu Feng, general manager of SINOMACH Precision Industry Co., Ltd., An Shizhu, vice chairman of Luoyang Political Consultative Conference, Li Jun, Li Qichao, Jin Chunchao, Fu Xiaoyi, Fan Chongqing, and other leaders attended the signing ceremony. It is reported that SINOMACH Precision Industry Co., Ltd. invested ￥5,000,000,000 in Yichuan's abrasives industry integration in all directions, aimed at developing brown fused alumina products integration, forming strategic abrasives industry base, and realizing a brand-new look of Yichuan's abrasives industry. 

Zhu Feng delivered a speech during the signing ceremony.

"Honorable leaders, distinguished guests, colleagues and friends,

Good Morning! On behalf of SINOMACH Precision Industry Co., Ltd., I'd like to send my congratulations on the success of this agreement and express my sincere gratitude for all the guests. As we all know, the purpose for all of us to gather here today is to attend the sign ceremony of "Agreement on Integrating Yichuan's Abrasives Industry Strategic Cooperation" by further enhancing cooperation between enterprise and local industry.

Yichuan has a long history and rich culture. Its favorable locations, abundant resources, unique market advantages, and solid industrial base have laid the foundation for the rapid development of the abrasives industry. In recent years, in active response to the new situation of the government's macro-control policy, Yichuan County Government has implemented "Industrial transformation & leaping development" strategy, contributing to a good momentum of growth in Yichuan's economy. Since the 1980s, Yichuan has been the first county to manufacture fused alumina. "Yichuan Abrasives" has been popular both home and abroad. By possessing certain brand advantage and market advantage, Yichuan's abrasives industry has made great contributions to the development of local economy, and is recognized as one of the top ten superior industries in Yichuan.

As an abrasives products platform set up by China National Machinery Industry Corporation, SINOMACH Precision Industry Co., Ltd. boasts high quality technical service team, key enterprise R&D advantages, is a leading enterprise within the industry. SINOMACH defines "World class conventional and superabrasive products solution provider" as its blueprint, and targets "Build the leading and globally renowned enterprising group"  to improve products' competitiveness. SINOMACH facilitates industry structure adjustment by improving industry chains, and builds up vigorous enterprise eco system by market insight, innovative commercial modes, and try to achieve its goal.

The signing of the agreement has provided an effective platform for both sides. This cooperation is promising and is based on mutual benefits and development. SINOMACH firmly believes that with the support of Yichuan government, the cooperation will have a profound influence and far-reaching effect.

At last, please allow me to express my sincere hope that the cooperation can achieve fruitful results and best wishes to all of you. Thank you all!"