Inner Mongolia New Veyong Bio-Chemical Co., Ltd. is a subsidiary of Limin Group, which researches, produces, and sells abamectin. It is the first Chinese company to achieve industrial production of abamectin. The main production capacity of New Veyong abamectin is to supply Hebei Veyong Bio-Chemical Co., Ltd. and Hebei Veyong Pharmaceutical Co., Ltd., ensuring the quality of the company's terminal products from the source. The "Microbial Efficient Synthesis and Biological Manufacturing of Avermectin" project, jointly completed by a national high-tech enterprise and the Institute of Microbiology of the Chinese Academy of Sciences, China Agricultural University, and Qilu Pharmaceutical, won the second prize of the National Science and Technology Progress Award in 2016. It is the only two national science and technology awards related to pesticides in 2016.