Six months of success reported at CISDI Group’s half-yearly meeting

Impressive results were reported at CISDI Group’s mid-year progress meeting, held recently at its HQ in Chongqing.

Business operations in the first six months of the year were presented and tasks and targets for the remainder of the year were prioritised.

Mr Xuewen Xiao, group chairman, addressed the meeting and reported on numerous positive factors:

Stable, robust marketing in China and beyond has been maintained and is resulting in remarkable growth in revenue. Steel manufacturing is still pivotal to the company’s growth and recently orders have been won for two blast furnaces at Guangxi Shenglong Steel, four high-speed bar and wire-rod rolling lines at Zenith Nantong Steel and at other projects in China.

A number of breakthroughs have been made in the company’s continuous casting, energy conservation and green divisions. The company is a rising Chinese brand, thanks to its developments in intelligence and information tech.

Efficient, quality delivery has been achieved across all implementations. Major projects were started up and their quality and schedule targets were met – namely blast furnace 3-based plants at Baosteel Zhanjiang, blast furnace 2 at Liuzhou Steel’s Fangchenggang Plant and a stockyard rebuild to eco-friendly level at Anhui Changjiang Steel.

Scientific and technological innovation continues to drive corporate business development. Pooling strong forces to brainstorm intelligent, green, efficient and low-carbon critical tech and products, the company has successfully developed and applied its super-green and intelligent electric arc furnace, 3-roll cross mill for tube rolling, and industrial internet platform for centralised control across multiple production procedures.

By June 2021, 12 S&T research subjects had been submitted and approved, six new technological rewards had been granted and six standards, including one at international level, had been issued.

Solid progress has been made in digital transformation. The company has built a digital design standard system, enabling parameterised design, QR code scanning of 3D construction drawings and other new digital tech applications.

Four major aspects of the business will receive strong focus in the next half of 2021 – marketing, implementation, technological innovation and deepening reform. The company is committed to synergising all its core tech and its strength in metallurgical industrial chain to serve global customers.

Pinpointing orientations for the corporate steel business, Mr Xiao stated: “Firstly, we need to speed up our transformation into becoming a tech company featuring core tech and product provisions.

“We will scale up digital, intelligent developments and create products and platforms delivering our tech and services. Our solutions must be active players in advancing low carbon undertakings in China and the rest of the world.

“Our core equipment must benchmark world-class levels. We should value every opportunity to push forward with gaining overseas business.

“Secondly, we should strengthen our research and development and its management system, unleashing the full creativity and strengths of our research engineers.

Thirdly, we will focus on greater team-building in our leadership and specialist teams.

CISDI Group’s mid-year meeting