Lu Metallurgical Mining Corporation To Develop Strategic Research

Luzhong Metallurgy & Mining Group Corporation is an exclusivestate-owned mining enterprise built following the model of representativeplanned economy 35 years ago. From a single-product mining enterprise, nowthe Group Corporation has become a large-scale, independent miningenterprise integrating mining, ore dressing, palletizing, steel rolling, magneticmaterial, copper materials, transportation, machine maintenance, power,construction and installation, and its auxiliary facilities have formed acomplete set. The economic strength and comprehensive competitive abilityhas been increased year by year and the Group Corporation has mastered themost advanced technique on mining and ore dressing in China, manyscientific study achievements have got awards from the state. The GroupCorporation has cultivated a talent army, which structure is reasonable andtechnique power is tremendous;also, the Group Corporation has formed hisown enterprise culture, which has powerful cohesion. All these above layfoundation for the enterprise's development. Following with high-speed development of iron and steel industry, thematerial requirement of iron and steel is vigorous. Benefits of iron oreenterprises have become greatly better, they raise their productivities andsearch for iron resource everywhere. Some non-mine enterprises also lookgood at the iron ore market and invest a lot to the mining enterprise. Facing tothe sharp competition of iron ore industry, Luzhong Metallurgy & MiningGroup Corporation, the largest material base of iron and steel in ShandongProvince, actively rush for the favorable opportunity and seek for betterdevelopment. Basing on the study on international, domestic and surroundingmining enterprises and analysisses on own advantages and inferiority incompetition, the Group Corporation has not only formed the developingstrategy and made sure his development thinking, resent and long-term target,but also, set the manners and measures for the carrying out of the strategy. Bycarrying out the strategies of market managing and selling,internationalization strategic capital management, human resource andenterprise culture, Luzhong Metallurgy & Mining Group Corporation willmake himself a large-scale modernized mining enterprise with enoughresources, reasonable product structure and strong competitive ability.