Shanxi Synthetic Rubber Group Co Ltd won the honor of high-tech enterprise granted by Shanxi government and recorded in the Ministry of Science and Technology, Ministry of Finance and State Administration of Taxation.
The company will be entitled to preferential national tax policies for three years.
High-tech enterprises refer to resident enterprises that have been registered for one year or longer within China (excluding Hong Kong, Macao and Taiwan), devoted to research and development as well as transformation of technological achievements, have formed their own independent core intellectual property rights and are carrying out business in key high-tech fields.
They are knowledge and technology intensive entities. It applied for the title in September 2011. The application was organized by chief engineer, Ma Dongzhu, and lasted for two months.
After a field investigation by the provincial department of science and technology, department of finance, state administration of taxation, local taxation bureau and expert review, the company was recognized as a high-tech enterprise.