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Xiamen Tungsten Co Ltd.

Xiamen Tungsten Industry Co., Ltd. is a group-type joint-stock company listed on the Shanghai Stock Exchange. The company's predecessor, the Xiamen Alumina Plant, was founded in 1958. In 1982, it began to convert tungsten products. In 1984, it was renamed Xiamen Tungsten Products Factory. In December 1997, Xiamen Tungsten Products Co., Ltd. was reorganized into Xiamen Tungsten Industry Co., Ltd. as a whole. In November 2002, the company's stock was listed on the Shanghai Stock Exchange.

As of the end of 2015, Xiamen Tungsten has 20 holding subsidiaries and 1 branch, a national tungsten materials engineering technology research center, a research center for rare earths and energy new materials, and two post-doctoral workstations. The company is a national key high-tech enterprise, the National Torch Program tungsten material industry base, the country's first batch of development circular economy demonstration enterprises, and is one of the country's six major rare earth groups.

Xiamen Tungsten Industry involves tungsten, molybdenum, rare earth, new energy materials and real estate industries. After 30 years of development, the tungsten industry has formed a complete tungsten industrial chain from tungsten mining, smelting, deep processing to recycling of tungsten secondary resources. Among them, tungsten filaments for lamps account for more than 50% of the world market, tungsten smelting and powder products, super Fine-grained cemented carbide is at the leading level in China and has a certain influence in the world. The rare earth industry has formed a relatively complete industrial system from the development of rare earth mines, smelting and separation, rare earth functional materials (rare earth permanent magnet materials, energy storage materials, luminescent materials, etc.) and scientific research applications. In the field of new energy materials, two major product lines, lithium battery cathode materials and nickel-hydrogen battery anode materials (hydrogen storage alloys) have been built. Lithium battery cathode materials include lithium cobaltate, ternary materials, lithium manganate and lithium iron phosphate.

In the next five years, Xiamen Tungsten Industry has determined the strategic positioning of tungsten and rare earth as the main industry, with energy new materials and molybdenum series products as the two wings, and real estate as a profit. Xiamen Tungsten will continue to adhere to the corporate tenet of "Let the employees achieve self-worth, enable users to receive satisfactory services, achieve rich returns for shareholders, and seek common development with the society" and "stable and enterprising, bigger market and long-term profit" The corporate policy, with "technical innovation, management innovation" as the driving force, through the rapid development of cemented carbide and tungsten and molybdenum products to strengthen Xia Tung, through the formation of new energy materials and rare earth industry chain and the growth of production and sales To be bigger, to increase the sales revenue and profit contribution ratio of new products through technological innovation, to make Xiamen Tungsten superior, and to stabilize Xia Tung through system construction and corporate culture construction. Through the innovation of system and mechanism, Xiamen Tungsten will be built into a platform for technological innovation, a platform for talent gathering, and a platform for industrial development, and realize the goal of the third venture of Xiamen Tungsten.

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Title Annotation:Leading Companies
Publication:China Mining
Date:Aug 12, 2019
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