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          Home> Business
          Innovation leads to industrial restructuring
          By Yang Feiyue
          Updated: 2010-09-20

          “Independent innovation is the constant motivating power behind the enterprises’ development, and optimizing the industrial structure makes enterprises stay competitive in the market. The robust growth of Henan Mingxin Science and Technology Co. have attested to this point,” said Wei Mingjie, chairman of the company.

          Mingxin was a high-tech enterprise engaged in R&D, manufacturing and the sale of solar monocrystalline silicon, solar modules, solar photovoltaic systems, etc. The company experienced slow growth at the beginning of its establishment, but after its increased focus on innovation and cooperation with several prestigious research institutions, the company began to gain tremendous momentum. Its innovative technologies have reached an internationally advanced level and its products have been exported to Japan and Singapore.

          Ruzhou has prioritized independent innovation as a core point for industrial restructuring. It uses cutting-edge technology to upgrade traditional industries, such as energy, casting, food, and coal chemicals.

          The city has put in 14.362 million yuan as funding for research and organized more than 80 major scientific and technological renovation projects. Three dry-method cement production lines, with an annual capacity of 5 million tons, were set up; the world’s most advanced V-method production technology was also introduced into the casting industry.

          The Tianrui Group has managed to raise its production by 30% through independent innovation, and its high-speed train wheel has replaced imported products and has even been exported to the US and Africa.

          Zhengtie Sanjia Co. has broken through its crippling technological problems and has developed products with independent intellectual property rights. Its “AIII railroad ties” and “New III railroad ties” have filled two domestic voids.

          The Julong Starch Factory has cooperated with several research institutions, and successfully extended its industrial chain of corn processing.

          Over the past two years, Ruzhou has completed over 436 projects, each with a total investment exceeding 1 million yuan. Over the first half of this year, the city has cumulatively brought in 3.61 billion yuan in added value for the above-scale industry, up by 23%.

           
           
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