Taiyuan Iron and Steel Group Co., Ltd. (TISCO, listed in Shanghai and Hong Kong Stock Exchanges, stock code 600019), founded in 1934, is the earliest large iron and steel complex in China with modern iron and steel equipment and coking plants. It was one of the 621 major enterprises of Chinas planned economy. Now it is one of the largest iron and steel enterprises in China.
TISCO has a long history and rich culture. With the continuous development of economic reform, the modern enterprise system, innovative culture, and the spirit of Creating a hundred-year-old TISCO for the world, have been integrated into the development path of TISCO, giving it a vision for the future of becoming a world-class group with core competitiveness and market competitiveness as the goal.
Adhering to the philosophy of Winning by efficiency, growing with quality, and creating value with innovation, TISCO has always been guided by technological innovation, management innovation and management excellence. The Group has undertaken the important task of leading the industrial upgrading in Shanxi Province and jointly driving the development of the regional economy. TISCO has ranked among the Top 500 Enterprises in China for many consecutive years and has been hailed as Chinas top industrial enterprise” and “China outstanding enterprise”.
In recent years, TISCO has continued to optimize its organization, enhance its innovation capabilities, build intelligent factories, and promote green manufacturing. It has applied advanced technologies including cloud computing, big data, Internet of Things, and artificial intelligence in its operations. Corporate architecture, transformation and upgrading of traditional industries, and process of smart factory have become a shining example in the industry.
In 2019, TISCO completed a series of important tasks, such as the utilization of intelligent manufacturing, promotion of low-carbon green development, and facing the international market, etc. In the past five years, TISCO has achieved remarkable results in intensive energy-saving and emission reduction, with energy consumption per ton of steel reduced by 20%. It has increased its domestic market share, and in 2019, its steel production and sales both exceeded 50 million tons. It continued to invest heavily in equipment and research and development of smelting technology. In 2019, the research and development and intellectual property projects accounted for 5.3% of its total operating income.
TISCO’s future development strategy covers six aspects: firstly, investing more in technology innovation and application resolutely according to the principle of “invest in science and technology and insure the future”; Secondly, vigorously developing the smart manufacturing, realizing the rapid transformation and upgrading of the industrial structure; Thirdly, deepening the global strategic layout, further improving the international competitiveness of TISCO’s products, and speeding up the pace to become a world-class group; Fourthly, consolidating the fundamentals of the enterprise, strengthening the development of core competitiveness, and actively performing the corporate social responsibility of “environmental protection, energy conservation, safety production and innovation”; Fifthly, deepening the reform in all aspects, managing the enterprise efficiently and properly, and striving to make the enterprise an outstanding one; Sixthly, uniting and relying on all the shareholders and staff, and building an enterprise character of diligence and continuous development.
TISCO has taken its mission to “Integrate good resources, supply steel for a better life” seriously. It is committed to building itself into a safe, comfortable, healthy, and efficient steel enterprise, creating a better future with value, and providing more quality products to the world.
