OREANDA-NEWS. February 10, 2012. In last year, against a severe market, following a guideline of strenghening main business, extension development, diversified development, green development and harmonious development, overcoming a lot of challenges and difficulties, TISCO surpasses the previous year in terms of annual steel output, stainless steel output, revenue and profit tax, and the stainless steel output particularly breaks 3 million ton. It’s a good start for “twelfth-five” transformational development plan, reported the press-centre of TISCO.

Stable running of main business. Tianjin Binhai New Zone stainless steel expanding project and welding pipe project is started up; trusteeship of Meijing Steel is put into effect; strategic cooperation framework agreement with XingYuan Steel is signed to push forward the amalgamation and reconstruction. The third generation automobile steel is independently and successfully developed; the sale of products with high add value, e.g. heat-resistant steel, mintage steel, duplex, engineering mechnical steel and etc. doubles, and the product variety structure is further optimized. A series of key projects to increase production capacity and product quality, such as the overhauling of 1650 cubic meter blast furnace, wide strip bright line and etc. are implemented in a fast pace; stainless steel and silicon steel key projects are in pre-preparation phase.

Down-to-earth advance in extension development. Production capacity of ore mine is raised and historical record is made in concentrate output; Lvliang iron ore project is organized as per schedule; strategic resources projects of home and abroad advance forward step by step. Stainless steel industrial park invites investment up to 1.8 billion yuan, seven stationed deep-process enterprises develop well; high-end processing project jointly invested with Jiang Shu Daming is launched; a big batch of deep processed stainless steel products are put into use in city construction by virtue of Taiyuan City’s slogan of forging a “stainless steel featured city”, which makes the down-stream industry chain extend and the stainless steel deep-processing capacity increase.

Fast grow in diversified businesses. Amorphous material and ferric oxide powder projects, Mg and Ti alloy deep processing project, heat-resistant alloy, corrosion resistance alloy and precision alloy projects, as well as luminescence substrate material project are actively prepared. New achievements are gained in engineering technology industry and real estate. And new breakthrough are made in medical health, hotel service and other diversified businesses.

Sequential boost in green development and harmonious development. Guided by the state principle of forging “three circulating economic industry chains in solid, liquid and gaseity”, the company keeps its leadership position in green development nation-wide and world-wide. Work lunch subsidy, the completion of main body of new residence projects in Binhe and Chenjia village, beautification and greening to some lodging house, the open of gym and culture center, all these activities have improved TISCO people’s living condition and strengthened the harmonious atmosphere.