On December 14, the World Economic Forum announced the latest batch of "lighthouse factories" list, CITIC Pacific Special Steel (Xingcheng Special Steel) stood out among thousands of selected factories around the world, becoming the only "lighthouse factory" in the steel industry, and the first "lighthouse factory" in the global special steel industry.
The Lighthouse Factory is a global award launched in 2018 by the World Economic Forum and management consulting firm McKinsey. The selected "Lighthouse Factory" is known as "the most advanced factory in the world", "digital manufacturing" and "Globalization 4.0" demonstrator, representing the top level of intelligent manufacturing and digitalization in today's global manufacturing field. The selection of CITIC Pacific Special Steel not only becomes a milestone in the transformation of the special steel industry from "Made in China" to "made in China", but also marks the strong strength of China's outstanding steel enterprises to ride the waves of the fourth industrial revolution.
In order to meet the rapidly growing demand for "customization" of global customers, while responding to the large fluctuations in the supply of raw materials and energy, as the world's leading special steel manufacturer, CITIC Pacific Special Steel focuses on the core industry issues of quality and customization, and forms an efficient development model of high quality, flexibility and agility through a series of digital technologies. The selection of "Lighthouse Factory" is the industry's high recognition of the intelligent manufacturing capability of CITIC Pacific Fute Steel, and it is also the result of CITIC Pacific Fute Steel's deep cultivation of the special steel industry for a hundred years, and constantly innovative application of the fourth industrial Revolution technology, enabling it in all aspects of production and process.
In recent years, CITIC Pacific Special Steel has taken intelligent manufacturing as an important engine to drive high-quality development, based on national and industry policy guidelines, combined with its own characteristics of multi-variety and small-batch, complex process flow, and high product technology content, formulated intelligent manufacturing solutions for special steel, and promoted the transformation of manufacturing mode with digital manufacturing, flexible manufacturing, and intelligent manufacturing. And significantly reduce energy consumption and carbon emissions.
At the same time, CITIC Pacific Special Steel will continue to build a "cloud-edge - end" system of "group collaborative operation, enterprise collaborative manufacturing, and intelligent production of manufacturing units", and plan the future intelligent vision of Special steel in two stages of "domestic leading" and "international leading", integrate emerging technologies and production and manufacturing scenarios, realize intelligent management and AI-assisted decision-making, and actively integrate industrial resources. Open up the upstream and downstream industrial chains of enterprises, build an industrial Internet ecosystem, and build a complete industrial chain ecosystem.
In accordance with the mission requirements of "implementing the national strategy and contributing to the national rejuvenation", CITIC Group takes "building an excellent enterprise group and creating a century-old national brand" as its development vision, and "deepening the reform of state-owned enterprises, strengthening scientific and technological innovation and integrating into regional strategies" as its main line of work, and deepens the five business segments of comprehensive finance, advanced intelligent manufacturing, advanced materials, new consumption and new urbanization. It is committed to becoming a banner of implementing the national strategy, a leading domestic and world-class scientific and technological excellence enterprise group. In 2023, CITIC Group was listed in the Fortune Global 500 for the 15th consecutive year, ranking 100th. Citic Shares (SEHK: 00267) is a constituent of Hong Kong's Hang Seng Index. As of June 30, 2023, CITIC Shares had total assets of RMB10,976.3 billion and equity attributable to common shareholders of RMB684.6 billion.
Citic Pacific Special Steel Group Co., LTD. (000708.SZ), a subsidiary of CITIC Corporation, is the world's leading specialized special steel material manufacturing enterprise group, the leader of China's special steel industry, the market leader and industry standard setter, and the president of China Iron and Steel Association and China Special Steel Enterprises Association.
