Yinchuan celebrates 60 years of development

Attracting new business

Ningxia Hanyao Graphene Energy Storage Material Science and Technology, whose parent company is based in Tianjin, was founded in an economic and technological development zone of Yinchuan last year.

It is a high-tech enterprise specializing in the production of graphene modified cathode materials, anode materials and conducting slurry, which are widely used in new energy vehicles and other energy storage fields.

As a carbon nanometer material, graphene has effective conductivity, thermal diffusivity and strength. Mixed with other materials, it can substantially help the materials enhance their performance, according to the company.

When asked why the subsidiary was located in Yinchuan, Zhou Daqiao, the general manager, said that the strong service awareness and high work efficiency of the local government impressed him a lot and stimulated him to come to Yinchuan directly.

"After having submitted the application and relevant documents in the morning, I got the business license in the afternoon on the same day. That's really impressive," said Gao Changmin, assistant to the general manager of the company.

With production starting in July, the company is expected to achieve a sales volume of around 300 million yuan by the end of this year.

Ferrotec Semiconductor Technology, whose parent company was registered in Shanghai, settled in Yinchuan in 2010.

Semiconductors are the core product of the high-tech enterprise, which can be applied to diversified fields including medical treatment, national defense and automated driving.

"We have got powerful support from the local government, who provided us with all the plants for free in the first five years," said Dong Wenqiang, a spokesman for the company. "We have also got the exemption of business tax in the first three years."

Dong added that producing and storing semiconductors needs controlled humidity and clean air, and that Yinchuan fits the bill for a production base.

The company said it is to expand its production to create an entire industry chain in Yinchuan in the following years.