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| Brief introduction
to Wanbei Coal Electricity Group Co., Ltd. |
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Wanbei Coal Electricity Group Co., Ltd. is a state-owned
large coal enterprise that belongs to Anhui provincial,
one of key enterprises supported by the provincial
government. Its predecessor is Wanbei Mine Administration
Bureau that was founded in May 1984. With the approval
of the provincial government, its operating system
was reformed into that of mother-daughter company
in September 1998. It is a state-owned exclusively
funded company authorized to do business. At present,
the group has 5 full-stock subsidiary companies,
7 holding subsidiary companies, 4 participating
subsidiary companies and 6 branch companies. The
principal coal industry has 8-pair mines and 4 coal
dressing factories. Among them, the total design
annual production capacity of mine is 5.46 million
tons and the actual annual production capacity reaches
over 9 million tons; the total design annual dressing
capacity of coal dressing factory is 5.1 million
tons. Non-coal industry includes multiple backbone
projects such as electric power, building material,
chemical engineering and machinery manufacture.
The enterprise ranks among top 50 in Anhui¡¯s industry
and China¡¯s coal industry, and top 500 in China¡¯s
industrial enterprises. It has passed ISO9002 quality
system certification
Confronted with the new situation of the economic
globalization and entry into WTO, the group company
has studied and established the development plan
in the period of ¡°the 15th five-year plan¡±, and
pinpointed the development strategy, ¡°optimize primary
industry, adjust structure, effectively expand,
be larger and more power¡±. Make efforts to promote
the enterprise¡¯s industrial upgrade and structural
optimization, sharp the enterprise¡¯s competitive
edge. In the development of the primary industry,
promote technical innovation and advance mine production
capacity and efficiency through the development
of mining mechanization and technical progress.
Strive hard to break through the pass of 10 million
ton raw coal output in 2004 and rank among extra
large coal enterprises. Maintain the strength of
the primary industry for future development. Energetically
seek and develop reserve resources. It has planned
to complete the prospecting and design of Wolonghu
coal mine in 2003 and strives hard to put it into
production in the end of the year. In the development
of non-coal industry, lay stress on the development
of electric power, building material, chemical engineering
and etc. In the electric power, it has planed to
construct a gas power plant in Qidong mine and a
coal gangue power plant in Hengyuan Coal Electricity
Joint-stock Co., Ltd., and construct a large power
plant near the leading production mine jointly with
other power plants outside Anhui province. In the
building material, the construction of Hengqing
Construction Co., Ltd. with the total investment
of 120 million yuan is being accelerated. It is
estimated that the gypsum mine will be put into
a trial production and the gypsum powder production
line with the annual production capacity of 100000
tons will be put into operation in the end of the
year 2003. A high-grade cement project of Huaibei
Zhongcheng Henggu Cement Co., Ltd. with 50 million
yuan investment in a stock holding is under construction.
It has an annual production capacity of 500000 tons.
It is estimated that the project will be completed
and put into production in June 2003. Huaibei Hengtong
Hot-galvanizing Tubing Co., Ltd is under construction.
It is estimated that it will be put into production
within the year 2003. In the chemical engineering,
it is estimated that kaoline deep prosessing project
of Maoyingzi mine will be put into production within
the year 2003. Through the projects, build the enterprise
into a modern large enterprise group across region,
industry and ownership.
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