Cemented Carbide Yield Of Zhuzhou Has Reached A New High

2019-11-28 Share

 In 2018, the output of cemented carbide reached 6224 tons, an increase of 11.9% over the same period of last year, a record high since the establishment of the Group Corporation in 2002.

  In 2018, Zhuzhou Hard Company took the initiative to fight for increment, intensified market development, and focused on high-profit products and new products with increased increment in resource allocation. While the total output of cemented carbide reached a record high, the product structure continued to optimize, and the incremental products of Zhuzhou Hard Company increased by 43.54% year-on-year. The cumulative growth of key incremental products was 42.26% year on year, and the cumulative growth of key incremental products of medium tungsten high-tech appraisal plant and hard tungsten high-tech appraisal plant was 101.9% year on year.

  Zhuzhou Cemented Carbide Group Co., Ltd. is located in Zhuzhou City, Hunan Province, which is the core area of Changsha-Zhuzhou-Tan Urban Agglomeration and the transportation hub center of South China. Starting in 1954, it is one of 156 key projects constructed during the First Five-Year Plan period and is known as the cradle of China's cemented carbide industry. In December 2009, it became a subsidiary of China Minmetals Group, the world's top 500, and a large-scale cemented carbide production, research, operation and export base in China.

  As the only tungsten industry management and control platform of China Minmetals Group Co., Ltd., China Tungsten High-tech New Material Co., Ltd. relies on the competitive advantage of the complete industrial chain, strives to build an industrial system integrating mining, smelting and intensive processing, and to build the first-class tungsten industry group in China and the world. At present, the company has two largest cemented carbide deep-processing enterprises in China, Zhuzhou Hard and Zigong respectively. It also has the only National Key Laboratory of cemented carbide in the industry, with more than 1000 authorized patents.

  On January 11, 2019, China Tungsten Gaoxin issued its performance forecast for 2018. It is estimated that the net profit attributable to shareholders of listed companies will be 130 million to 140 million yuan in 2018, up 1.51% to 9.32% compared with the same period last year.

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