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01 DECEMBER 2023 AL CIRCLE

Shanxi Aluminum ranked 54th among the "Top 100 Enterprises in Shanxi Province"

EDITED BY : SARNALI CHAKRABORTY 2MINS READ

The Shanxi Enterprise Federation and Shanxi Entrepreneur Association hosted the 2023 Shanxi Top 100 Enterprises Summit Forum in Taiyuan on November 21st. Shanxi Aluminium Industry was ranked 54 among the "Top 100 Enterprises in Shanxi Province" and 42 among the "Top 100 Manufacturing Enterprises in Shanxi Province."

Shanxi Aluminum ranked 54th among the

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According to reports, this publication is based on the ranking methods and criteria for the top 100 firms, created by the project team of the Shanxi Enterprise Federation and Shanxi Entrepreneur Association, in compliance with international standards and the China Enterprise Federation.

The "Top 100 Enterprises in Shanxi Province" and "Top 100 Manufacturing Enterprises in Shanxi Province" for 2023 have been approved by the expert committee based on the 2022 operating income declared by various enterprises within Shanxi Province. Rankings for categories such as "Top 100 Service Industry Enterprises in Shanxi Province" have also been determined.

Shanxi Aluminium has been actively implementing the new development concept in recent years. It follows the development strategy of strengthening the stock and optimising the incremental "two-wheel drive". The company is crucial in ensuring resources, improving alumina cycle efficiency, reducing mineral and steam consumption, and implementing green electricity replacement projects such as heavy truck replacement, factory photovoltaic, and comprehensive intelligent energy in living areas.

Implementing industrial chain extension projects, such as using iron selection and multi-variety alumina in red mud, has progressed swiftly. This has led to a considerable reduction in financial costs and the asset-liability ratio. Although the firm has shown a favourable growth trajectory, it has significantly contributed to local economic and social advancement.

Global Aluminium Industry Key Trends to 2030

Shanxi Aluminium Industry will continue implementing the decisions and plans of local governments and aluminium power companies. The company will focus on enhancing safety management, promoting mining development, improving operational quality, reducing costs, and increasing efficiency. The goal is to expedite upgrading and development and support the group company's "2035 first-class strategy" and the aluminium power company's "green electricity aluminium ecological integration development strategy".


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EDITED BY : SARNALI CHAKRABORTY 2MINS READ

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