A number of superhard materials projects were selected for the list of proposed projects for the development of advanced manufacturing industry in Henan Province in 2019.

On July 16th, Zhengzhou City Industrial and Information Committee announced the list of proposed projects for the development of special advanced manufacturing industry in the province in 2019. After review, it is proposed to recommend 28 projects to declare special funds for advanced manufacturing development in the province in 2019.

These 28 projects cover leading industries such as equipment manufacturing, food manufacturing, materials manufacturing, electronics manufacturing, and automobile manufacturing. Among them, 20 technological transformation projects, including the “Intelligent Reconstruction Project of 800,000 Superhard Tool Production Lines” by Zhengzhou Diamond Precision Manufacturing Co., Ltd., and the “12 million square meters of coated grinding mills produced by Baige Abrasives Co., Ltd.” Construction project with 1200 tons of bonded abrasives, Zhengzhou Abrasives Grinding Research Institute Co., Ltd., “Technical Reconstruction Project of Precision Superhard Material Abrasives Production Line”, etc.; 5 intelligent transformation projects, including Zhengzhou Bote Hard Materials Co., Ltd. "Intelligent transformation of polycrystalline cubic boron nitride tool production line".

What support will be obtained for the selected project?

According to the previously announced notification, the amount of special funds for advanced manufacturing development in 2001 was 410 million yuan, of which Zhengzhou's capital amount was 36.5 million yuan. The notice pointed out that for the projects that receive special funds for the development of advanced manufacturing industry in the province, the post-subsidy method will be adopted. The subsidy amount is not higher than the project has completed production, design, research and development, testing, monitoring and other equipment purchase (lease), software procurement, research and development. 30% of the technology, actual investment (subject to the invoice), the minimum amount of project subsidy is not less than 200,000, and the maximum is not more than 10 million yuan. The completed investment calculation interval is from July 1, 2017 to June 30, 2018, in which the liquor industry completes the investment calculation interval from January 1, 2017 to June 30, 2018.

What are the conditions for the company to declare the project?

(1) Registered in Henan Province, with independent legal personality, perfect corporate governance structure, sound financial management system, financial status and accounting credit, tax credit, and bank credit;

(2) The financial accounting report and relevant information of the enterprise must be submitted to the financial department as required;

(3) The production, operation or business is in good condition;

(4) In the past three years, the company has not been punished by the financial and auditing departments at or above the county level for financial and financial violations; it has not been listed by the people's court as a list of untrustworthy enforced persons;

If the same enterprise has obtained the support of national and provincial financial funds, the same enterprise may not repeat the declaration; the same enterprise is only allowed to declare one advanced manufacturing special fund project.

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