Pingdingshan Maliang Abrasive Co., Ltd. was established in 2006 with the initial registered capital of 20 million yuan, covering an area of 18,000 square meters and possessing 120 employees, and mainly engaged in processing and selling abrasives.

In recent years, the company newly added 12 million aquare meters production lines of high-end coated abrasive on the original basis for purpose of enlarging the production scales, of which the location was selected in the industrial park in east of Jiaxian county, favorable for development of the company, the new company was completed and put into production in October of 2009, covering 60,000 square meters with the investment of 86.03 million yuan (including fixed assets of 62.80 million yuan, floating capital assets of 20 million yuan and pre-production investments of 3.23 million yuan).