Shenhuo Group, one of the major coal enterprises in Henan province, will probably witness its coal production double in 2009 as it expands its capacity. Shenhuo produces mainly high grade anthracite, being situated in one of China's six bases for high grade anthracite.
As one of China's major enterprises, Shenhuo Group specialises in the production of coal, electricity and electrolytic aluminium. It has total assets of CNY 8 billion and is capable of producing 4.2 million tonnes a year of coal, 200,000 tonnes per year of electrolytic aluminium, 100,000 tonnes per year of foundry coke and has an installed capacity of 377MW.
In recent years Shenhuo Group has maintained rapid development, with assets, sales revenue, profit and tax growing at a speed of 30%.
It aims to produce 12 million tonnes of coal in 2010, and push its coal sintering and dressing capacity to 8 million tonnes per year, installed capacity to 1000 MW and electrolytic aluminium capacity of 1 million tonnes per year.
The Group aims to achieve CNY 32 billion of assets, CNY 30 billion of sales revenue and CNY 8 billion of tax and profit by 2010.
Source: Steel Guru
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