Inner Mongolia New Veyong Bio-Chemical Co., Ltd. is a subsidiary of Limin Group, which researches, produces, and sells avermectin. It is the first domestic company to achieve industrial production of avermectin. The main production capacity of New Weiyuan Abamectin is to supply Weiyuan Pesticide and Animal Pharmaceutical, 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.