OREANDA-NEWS. August 23, 2011. TISCO key project report meeting was held. TISCO Chairman Li Xiaobo chaired the meeting. Relevant head of each project reported progress of their project in the meeting. TISCO managment made in-depth discussion on key projects and made comments and suggestions on accelerating the pace of projects, reported the press-centre of TISCO.
 
After listening to report and comments from each project and management, Li Xiaobo made an important speech. After his systematic analysis of the macroeconomic situation and the current situation in the steel industry, he pointed out that, TISCO's objective task for this year is very heavy. Through the joint efforts of company staff in the first half year, the company has finished half of its overall mission and main economic indicators works well. We shall consolidate the result we have achieved, and present a good start for company's "twelfth-five" development. At the same time,we must note that in the second half year and even the whole "twelfth-five" period, the company shall face more opportunities and more challenges. Leaders at all levels should fully understand the situation, seize opportunities, face challenges, and focus on accelerating the company's "twelfth-five" development strategy.
 
Li Xiaobo said, party secretary of Shanxi province, Mr. Yuan Chunqing delivered an important speech in meeting held by Shanxi Provincial Party Committee on July 28. Secetary Yuan highlighted that, Shanxi is in a major investment development phase, we should further increase investment under precondition of optimization of investment structure, enhance the stable and rapid economic development potential; we should strengthen and accelerate the pace of restructuring on a broader and greater platform. we should take the economic restructuring as a main direction of economic development, take recycle economic as the basic path to transform and upgrade traditional industries, take technology and innovation as the fundamental driving force to cultivate new industries, take innovation and entrepreneurship as the main starting point to develop modern service industry, pay close attention to big-scale project and good projects to stimulate internal power of transformation. Secetary Yuan's speech has important guiding significance for us to accelerate the "twelfth-five" development. Company leaders at all levels shall carefully study Yuan's speech, combine study with practical situation, open mind, accomplish measures and seriously implement the spirit of the speech.
 
Li Xiaobo pointed out that, TISCO's "twelfth-five" plan and our key projects are important support of restructuring and striding development, they fully reflects the inherent requirements of new industrialization and scientific development concept. Company's development strategy and requirements are highlighted throughout in the project design, feasibility studies, planning and other links. At the same time, it must be noted that implementation of the project face a strong challenge, i.e. many technologies in our projects are the first case in domestic and industry. It requires us to further intensify and accelerate the project speed. Till now, the majority of the project preparatory work is stable, and more work should be done to consolidate our project. All projects should be aware of benchmarking, scientific decision-making, and strict management to ensure low cost and quick effect of the project investment. Project managers and professional groups should perform their functions, strengthen research and analysis, and provide strong support for scientific decision making.
 
Li Xiaobo emphasized that "twelfth-five" period is the period of opportunities, period of restructuring and development, period of raising competitive advantage and the period of hard work. The basic ideas, main objective, basic approach and key projects for mainstream business development, extension development, multiple development, green development, and harmonious development during TISCO's "twelfth-five" period have been formed. The key lies in scientific organizations and accelerating. This year is the first year of "twelfth-five plan". The whole company must further establish the spirit of toughness, braveness and contention, gather all the will and strength, seize each opportunity and bear the load, to accelerate a new round of key construction projects and ensure that through two to three years of hard work to complete the main projects by 2014 when the 80th anniversary of the company comes, and promote TISCO development to a new level.