Two ChemChina firms named Hi-tech Enterprises

Shenyang Chemical Co., Ltd. and Yiyang Yishen Rubber Machinery Co., Ltd. recently qualified as "Hi-tech Enterprises" in Liaoning and Hunan provinces, respectively. The certificates were jointly issued by each province's Science and Technology Office, Financial Office, National Taxation Bureau and Local Taxation Bureau. According to policies concerned, each of the two companies will enjoy a favorable tax policy for their enterprise income tax in the next three years.

In recent years, Shenyang Chemical developed a series of vinylchloride-ethyleneacetate copolymer resin and special resins used for gloves. Its H-30 products have dominated the domestic market of general purpose gloves, and have at the same time entered the market of medical gloves, putting an end to China's relying on imported technologies. In terms of R&D in the fields of PVC paste resin and silica white, a number of the company's inventions were granted technology patents by the State Intellectual Property Office (SIPO) and won quite a few awards from the State, Liaoning Province and Shenyang City. Its main product, PVC paste resin, was designated "China Top Brand."