Shandong Tenggong Bearing Co., Ltd. was designated as 2016 High and New Technology Enterprise of Shandong Province
Recently, Shandong Technology Department, Financial Department, and National Tax Bureau jointly issued a list of High and New Technology Enterprises 2016 in Shandong province. Two more enterprises from Linqing city was among the list, which are Shandong Tenggong Bearing Co., Ltd. And Shandong Hongfa Xingkai Industrial Co., Ltd.
According to the State Supported High and New Technology Field, the high and new technology enterprise refers to resident enterprises which operate on the basis of making constant efforts in research and development and promoting the conversion of technical achievements and developing core independent intellectual property rights. It is an knowledge-intensive and technology-intensive economic entity, which is the significant foundation of developing high and new technology industries and the major force of adjusting industrial structure. The high and new technology company has four strengths: firstly, promote enterprise technology transformation and guide enterprises to adjust industrial structure on the road of independent and continuous innovation; secondly, raise profile of enterprise brand; thirdly, enjoy the preferential policies such as tax reduction etc; fourthly, it is conducive to expand domestic and foreign markets, attract investment, so as to make the enterprise bigger and stronger.
Up to now, there are 3 enterprises in Linqing city on the list.
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