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    Home > Coatings News > Paints and Coatings Market > Pangang Vanadium and Titanium's half-year net profit increased significantly

    Pangang Vanadium and Titanium's half-year net profit increased significantly

    • Last Update: 2021-07-30
    • Source: Internet
    • Author: User
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    On July 9th, it was learned from Panzhihua Iron and Steel Vanadium and Titanium (000629.
    SZ) that in the first half of the year, the company's production and sales rate of vanadium and titanium products exceeded the planned target
    .
    According to "Pangang Group Vanadium and Titanium Resources Co.
    , Ltd.
    Semi-annual Performance Forecast for 2021", the company's semi-annual net profit has increased significantly year-on-year
    .
    Since the beginning of this year, the company has seized the good opportunities in the vanadium and titanium market, focused on the goal of " increasing production, increasing efficiency and reducing costs" , adhering to the production principle of "stability overriding everything" , continuously optimizing resource allocation, strict quality control, and strengthening the key Real-time monitoring of operating indicators, a sound and perfect equipment risk early warning mechanism, and focus on maximizing economies of scale, do everything possible to release the production capacity of each production line
    .
    Panzhihua Vanadium Plant and Dongfang Titanium set the historical record of monthly output for 4 consecutive months, achieving "four
    consecutive increases " in monthly output .
    Adhere to the market orientation, further optimize the allocation of resources, flexibly adjust the variety structure in accordance with the principle of maximizing overall benefits, and give full play to the advantages of the scale of vanadium products; increase the proportion of titanium dioxide exports, strive to expand the scale of production and sales, and timely realize the benefits.
    The proportion of titanium dioxide exports has increased year-on-year 13.
    6 percentage points
    .
    Adhering to the sales orientation of “outperforming the market and outperforming itself” , actively seizing market opportunities, and making every effort to connect production and sales, both the price and sales volume of vanadium and titanium products achieved substantial year-on-year growth
    .
    Adhere to the concept of "all costs can be reduced" , deepen benchmarking and tap the potential, strictly implement cost-reduction and efficiency-increasing measures, focus on product inventory and inventory control, continue to reduce inventory occupancy, and maximize profitability
    .
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