The establishment opening ceremony of SINOMACH (China National Machinery Industry Corporation) Precision Tools Ltd is held in lecture hall of Zhengzhou Institute for Abrasives & Grinding, Zhengzhou High-tech Zone at 9, Sep 17, 2013.

Abrasives and grinding are the teeth of mechanical industry, the advanced technology of which relates to the level of machining process ability, technology and efficiency. The subordinate of SINOMACH includes Zhengzhou Institute for Abrasives & Grinding, the only institute in the field of abrasives in our country, CAEC that is largest abrasives imports and exports company in China, and White Dove Company. These three branches form the SINOMACH Precision Tools Ltd. SINOMACH has the unique advantage in the field of superhard material and abrasives. It restructures and integrates superhard material and abrasives of inside and outside of the group, which will make it have the prominent superiority of industry and commerce combination, complete industry chain and strong competitiveness in the industry, occupying the leading position in the country.

Zhengzhou city and SINOMACH have high strategy uniformity and industry cooperativity. So both parties signed strategic cooperation agreement in order to give full play to their advantages and realize win-win development of local economic and central industry through friendly negotiation on Nov 21, 2012. Zhengzhou city transfers 100% stock right of White Dove Company to SINOMACH according to the agreement. SINOMACH restructures and upgrades White Dove Company.

SINOMACH further promotes the integration of abrasives business resources, perfect industry chain and value chain growth on the basis of resources of CAEC and Institute for Abrasives and Grinding and seizing the chance of White Dove Company restructuring in order to implement the development strategy, optimize the resources allocation and promote the core competitiveness of “three basis” industry of our country mechanical industry. It also restructures and integrates Zhengzhou Institute for Abrasives and Grinding, CAEC and White Dove Company, building the SINOMACH Precision Tools Ltd that is Chinese largest and world famous group with combination of industry and commerce, complete industry chain, strong competitive ability and domestic leading position, which makes it become the powerful industrial abrasives group in the Chinese machinery industry.

SINOMACH Precision Tools Ltd will consider the integral development strategy of the SINOMACH as the guideline, development of international abrasives and grinding industry as the guidance and being strongest in China and famous in the world as the striving goal. It orderly promote the organic integration between abrasives and the trade, research and manufacturing of the industry, and put forth effort to promote the core ability and international competitiveness of SINOMACH abrasives and relevant businesses through resources sharing, business collaboration and optimal allocation. And we will make SINOMACH Precision Tools Ltd become the leader of the industry and excellent Chinese manufacturing service enterprise through the effort and innovation.