China Gengsheng Minerals Inc. has received $337,000 (RMB 2.3 million) from the Henan provincial government in subsidy for the development and commercialization of Gengsheng's new product line, fine-precision abrasives.
The abrasives are ultra-fine grains of silicon carbide, white fused alumina and blend materials used in the cutting and polishing of optical equipment, semiconductors and fine metal surfaces to improve finish quality. Gengsheng uses its patented technology to focus on producing lapping abrasives and polishing compounds for the processing of silicon wafers among Chinese solar cell manufacturers, who at the moment import such abrasive products from Japan and France.
To compete successfully with import materials, Gengsheng says it will secure sources of raw materials in Xinjiang Uygur Autonomous Region to achieve low-cost advantage, along with its own proprietary technology to improve manufacturing efficiency.
Gengsheng's abrasive production facilities, which are located in Gongyi City, Henan Province, have an annual capacity of 20,000 tons.
SOURCE: China Gengsheng Minerals Inc.