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| Brief introduction
to Tongling Non-ferrous Metal (Group) Company |
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The construction of Tongling Non-ferrous Metal
(Group) Company was restored in 1950, and was officially
put into production in 1952. It is the earliest
constructed important base of non-ferrous metal
industry. After 59 year construction and development,
at present, it has become a large joint enterprise
group. Its primary business is silver metal mining,
dressing, smelting and processing. It integrates
trade, scientific research and design, machinery
manufacture, shaft construction and tourism services.
At present, the company has over 320 products of
5 series. The 5 series is metal, chemical engineering,
electromechanical, light industry and building material.
Among them are: the leading product, electrolyzed
copper, is registered in London metal exchange of
UK. Electrolyzed copper, oxygen-free copper bar,
bluestone, enameled wire, cable, silver nitrate
and more are famous products in Anhui province.
The company has silver metal reserve of 1.9874 million
tons and over 20 useful elements such as gold, silver,
sulfur, iron and etc., which are associated with
copper.
At present the group company has 21 factories, mines
and institutions, 23 holding (participating) companies,
7 full-stock subsidiary companies and one collective
enterprise. The holding companies include Jinlong
Copper Industry Co., Ltd. - the largest Sino-foreign
joint venture in China¡¯s non-ferrous industry and
in Anhui, Anhui Tongdou Copper Industry Joint-stock
Co., Ltd. - the first listed company in the domestic
banking industry, and Anqing Copper Mine - the first
constructed mine by using a new mode in China¡¯s
non-ferrous industry.
In accordance with the strategy ¨C ¡°deepen reform,
adjust structure, be creative and realistic, be
larger and more power¡±, and the policy ¨C ¡°create
conditions to develop mine, upgrade the enterprise
to develop smelting, increase benefit to develop
processing, use high technology to develop non-copper
industry¡±, the company will accelerate to foster
the international first-rate copper industry joint
company. In the end of ¡°the 15th five year plan¡±,
the total assets and annual sales income of the
group company will 12 billion yuan and 11 billion
yuan respectively. The profit will reach 350 million
yuan. The comprehensive economic power will rank
among top 15 in international large copper industry
companies. Through the technical innovation, the
technology and equipment of the leading copper processing
enterprises in the group company is to reach the
advanced level that the world industry-developed
countries had in the middle of 1990¡¯s. Establish
3-5 copper processing projects with a bright market
prospect, high technical contents and high added
value, for example, high precision steel sheet and
band factory and etc. and make them a mainstream
of the copper processing industry a new economic
growth point of the company. Preliminarily build
up a technical innovation and technical progress
system, in which enterprises are the principal body,
and enterprises, scientific research institutes
and colleges and universities jointly tackle key
scientific and technological difficulties.
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