[Ferro-Alloys.com] As a province that used to rely heavily on coal mining, Shanxi in North China is now diversifying its economy through industrial reform.
According to the provincial government of Shanxi, the province is using cutting-edge technologies such as cloud computing, big data, mobile internet, the internet of things, industrial internet and blockchain to create eight new economic pillars.
The eight pillars are: information technology, civil aviation, finance, cultural tourism, new energy and new materials, natural gas, advanced manufacturing and modern chemicals.
The outbreak of COVID-19 has not stopped the pace of industrial structure reform.
According to the Shanxi provincial government's requirements on normalizing economic activities, many businesses and investment promotional organizations in the province have stepped up their efforts to attract investors to these emerging sectors.
While investment officials are busy promoting local investment destinations, the province has seen gradual production resumption in its emerging industries.
In the Shanxi Transition and Comprehensive Reform Demonstration Zone located on the borders of Taiyuan and Jinzhong cities, all the enterprises above designated scale－which refers to companies with annual sales revenue surpassing 20 million yuan－have resumed their operations, according to the zone's administrative committee.
SND New Energy Special Vehicle was one of the earliest companies in the zone to resume production.
"Our company resumed operations on Feb 14 and now about 99 percent of our employees are back to work, except for those who are still in Wuhan, Hubei province," said Que Wenxiu, president of the company.
SND was founded in 2018, with a total investment of 1 billion yuan. It has a designed production capacity of 100,000 special vehicles a year, which are used in such fields as cold-storage transport, street cleaning, snow removal and emergency rescue.
Despite COVID-19's negative influence on the market, the company recently secured orders for 286 cold-storage vehicles, according to Que.
The executive noted that his company started trial operation last year, with only 48 vehicles produced.
"As formal operation begins, we are expecting to produce 5,000 vehicles this year, with an estimated revenue of 1.5 billion yuan," Que said.
The executive said he is optimistic about the new energy vehicle industry, especially in sectors for special vehicles. (China Daily)
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