Core Viewpoint - Xinjiang Minxin Steel (Group) Minhang Special Steel Co., Ltd. has completed the main project of ultra-low emission transformation and is in trial operation, marking a new stage in environmental governance and providing strong momentum for regional industrial green upgrades [1][2] Group 1: Environmental Upgrades - The company has implemented an ultra-low emission control platform that meets national standards, with real-time monitoring of particulate matter and sulfur dioxide emissions [1] - An investment of 1.5 billion yuan has been made in 2024 for the ultra-low emission transformation project, which includes organized and unorganized emission control and a clean transportation system [1] - The company has established a comprehensive emission control network through the addition of 10 ultra-fine mist cannons, 2 washing machines, 26 TSP monitoring devices, and 12 air micro-stations [1][2] Group 2: Production Process Improvements - The company has replaced high-energy-consuming and high-polluting long-process steelmaking with a short-process electric arc furnace production line, achieving an annual capacity of 1 million tons [1] - In 2024, the company will invest 60 million yuan to establish Xinjiang Minxin Environmental Technology Co., Ltd., introducing a fully automated production line to process 100,000 tons of steel slag annually into new building materials [2] - The ultra-low emission transformation signifies a full-chain environmental upgrade from raw material storage to production and transportation [2] Group 3: Future Plans - The main body of the ultra-low emission project has been completed and is currently in the trial operation phase, with data collection expected to begin in two weeks for ultra-low emission acceptance [2] - The company aims to enhance environmental standards and improve site conditions, striving to create a green and garden-like factory [2]

Overview - The demand for CBN (Cubic Boron Nitride) grinding wheels is increasing due to the high-end and intelligent development of China's manufacturing industry, particularly in aerospace, automotive manufacturing, and emerging industries like new energy vehicles and 5G communication [1][10] - The market size of China's CBN grinding wheel industry is projected to reach 893 million yuan in 2024, with a year-on-year growth of 4.44% [1][10] Industry Background - China's manufacturing industry is rapidly growing, with a reported industrial added value of 40.5442 trillion yuan in 2024, a 5.7% increase from the previous year, and manufacturing growth at 6.1% [5] - The expansion of high-end manufacturing sectors is driving the demand for CBN grinding wheels, supported by increased R&D investments from universities and research institutions in collaboration with CBN wheel manufacturers [5] Industry Chain - The CBN grinding wheel industry consists of upstream raw material suppliers (like cubic boron nitride), binder suppliers (metal, resin, ceramic powders), and production equipment suppliers [8] Competitive Landscape - The CBN grinding wheel market is becoming increasingly competitive, with numerous companies entering the space. Key players include Anhui Weiming Wear-resistant Materials Co., Ltd., Jiangsu Saiyang Precision Technology Co., Ltd., and others [12] - As of April 22, 2025, Anhui Weiming leads in patent applications for CBN grinding wheels with 23 applications, followed closely by Jiangsu Saiyang with 22 applications [12] Company Analysis - **Kunshan Xinlun Superhard Tools Co., Ltd.**: A high-tech enterprise focusing on ceramic CBN superhard tools, widely used in various industries including automotive and aerospace, with products exported to high-end markets [14] - **Jiangxi Zhenxin Grinding Wheel Co., Ltd.**: Specializes in resin-bonded tools, leading in sales of double-sided resin wheels in Jiangxi, with applications in automotive manufacturing and other sectors [16] Development Trends - Future advancements in CBN grinding wheels will focus on improving grinding efficiency and precision through enhanced material formulations and manufacturing processes [18] - The industry is expected to move towards green production practices, developing eco-friendly binders and energy-saving production methods to reduce waste and emissions [18]