Recently, the groundbreaking ceremony of Swarovski BCA New Material R&D and Pilot Production Base was held in Qingdao International Economic Cooperation Zone, marking the start of construction of the 2000-ton BCA New Material R&D and Pilot Production Base.

The project, with a total investment of 172.5 million yuan and a contractual foreign investment of 5.06 million dollars, is co-invested by Swiss Taisha Holding Company under Swarovski Group and Qingdao Sisa Abrasives Co., Ltd.

The BCA new material produced by this project is the latest super BCA abrasive in the world and is widely used in such areas as automotive, iron and steel, home decoration, electronics, etc. The material is currently developed solely by US company 3M. After production begins at the base, the monopoly of 3M in this area will be broken.

Swiss Taisha Holding Company was founded in 1963. Its capital stock is 122 million dollars. It has 34 subsidiaries. This project will bring in about 15 high-end R&D professionals in new materials and will create about 150 jobs. After Phase I project reaches its full production capacity, it can realize annual sales revenue of 200 million yuan and annual tax revenue of 23 million yuan.