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TISCO Reaches Profit of 302 Million Yuan in August

TISCO Reaches Profit of 302 Million Yuan in August

Write: Brysen [2011-05-20]
With the stabilization and rebound in national economy, the downstream steel industry recovers gradually. TISCO seizes the opportunity to further optimize the product mix and efforts to open up new markets, taps the potential and increase efficiency in an all-round way, strengthens operation and management, production management indicators show a good development trend month by month, and reachs profit of 158 million in June, 218 million profit in July, August profit of 302 million, three-month profit of 678 million Yuan.
Product mix adjustment and optimization of product mix reaches new achievements. According to the market and customer needs, relying on new equipments, new technological advantages, the company implements organization functions among production, marketing and research units, timely adjusts product structure, vigorously develop high value-added, high-tech, high-efficiency products. In August, in stainless steel, the 400 seris stainless steel sales ratio reached a record high; cold rolled wide plate, heat-resistant steel, hydraulic power steel sales increases by of 5%, 24.5%, 207%, respectively compared with its previous period, which is the single largest monthly sales this year; the sales of newly developed stainless steel TTS443M for decoration industry hits a new level; TISCO has become currently the only qualified domestic nuclear-reactor island component stainless steel plate producer; successfully develops 304 chilled hard state hot rolled template; heat-resistant stainless steel new product development reaches breakthrough. For carbon steel, the TISCO ship coil flattened plate enters into the marine engineering industry for the first time; TISCO storage tank flattened plate successfly bid the national oil reserve base project; high-grade cold-rolled silicon steel obtained orders for main pump motor for nuclear power projects, which replaces imports, and fill blank in domestic market.
The work of potential tapping, cost reducing and efficiency improving marked progress. The company continues to promote the internal work of potential tapping, cost reducing and efficiency improving, concentrates on full staff mobilizing to tap potential in a full process and all-round way, further analyzes and carry out aims and measures, strictly check economic responsibilities, so as to ensure the realization of potential tapping and efficiency improving targets; combines establishment of stable strategic supply chain and a flexible procurement strategy to ensure the lowest cost of raw materials procurement; according to JIT production organization, effectively reduces the intermediate product inventory, stock funds on average significantly lowered; saves non-productive expenditure, strictly manages and controls related costs in accordance with the company issued cost target, prevents cost overruns, explores new cost saving point. In August, the internal potential tapping and efficiency improving value reaches more than 500 million Yuan, from January to August, the cumulative the potential tapping and efficiency improving value reaches 3.32 billion Yuan, which effectively mitigated the impact of unfavorable factors of the market.
Energy-saving and environmental protection achieved a new level. In August, 4350 m3 blast furnace dry method de-dust removal equipment went into operation smoothly, it is China's second mega-blast furnace dry method de-dust removal equipment, while saving water, gas temperature greatly increased, the equipment may increase TRT power generating capacity by about 30%; all coal-fired boilers in thermal power plant stopped, smoke and dust emissions fell by 45.55 percent, sulfur dioxide emissions fell by 7.9% than those of last year; solid slag dust control project has been completed and put into trial operation in slag precessing plant, the 450 m2 sintering machines flue gas desulphurization and denitrification projects , blast furnace slag fine powder projects, mixed acid regeneration projects are under construction in an orderly way; TISCO fresh water consumption for one ton of steel created a level of 2.08 tons, 0.27 tons lower over the previous month, maintaining industial-leading level; for the second time TISCO was given the title of special award for energy conservation in Shanxi Province.