Elkem Silicones Xinghuo received the certificate of "National High-Tech Enterprise" recently, it thus enjoys some preferential policies from the Chinese government such as financial support, tax reduction, and being the priority of land usage for business purpose for Xinghuo. The strong support from government will ensure Xinghuo continuously investment in research and development, to reinforces Elkem Silicones Xinghuo's innovation capability to better serve our customers. This recognition also further improved Elkem Silicones' leading position in domestic silicones market.
Elkem Silicones Xinghuo has been devoting for a long time to scientific and technological research and development, aiming at increasing capacity, reducing costs, eliminating hidden risks of safety and environmental protection and improving overall efficiency. In 2018, 22 technical renovation projects and 54 continuous improvement projects were carried out, with an estimated annual income of more than 70 million RMB. A total of 176 new products ,112 of them passed client's test went to industrial trial, of which 56 products commercialized, 23 of them have been rapidly recognized by the market. There are 15 patents application has been done, 14 of them are authorized patents including 2 invention patents and 5 utility model patents.
The certificate of the "National High-Tech Enterprise" is a high recognition for Elkem Silicones Xinghuo in terms of business performance, scientific and technological innovation, and R&D capability it achieved in recent years, as well as an important proof of its sustained competency of R&D transformation and capability of forming independent intellectual property.