China Baowu increases focus on magnesium and other light metals
2025-02-24 17:20:23 [Print]
China Baowu has unveiled its latest strategic positioning as a "comprehensive solution provider for steel and light metal materials," with the goal of becoming a world-class leader in the industry. The company's vision for 2035 is to achieve milestones including a R&D intensity of 5%, a 40% share of total revenue from advanced steel materials, a 30% reduction in carbon emissions per ton of steel, a 20% transnationality index (TNI), and a 10% return on equity (ROE).
As a strategic emerging industry, magnesium-based new materials represent a prime example of new quality productive forces. As the sole development platform for magnesium-based materials within the group, Baowu Magnesium is committed to executing the group's strategic initiatives. The company aims to optimize its magnesium industry layout, accelerate the development of the full magnesium supply chain, and establish itself as a leading lightweight solutions provider and core force in China Baowu's new materials sector.
China Baowu has previously announced plans to enhance its competitive edge in advanced materials and steel products. The company will accelerate the development of light metal materials such as magnesium, aluminum, and titanium, along with specialized metallurgical materials offering high temperature, corrosion resistance, and precision capabilities. In addition, Baowu will focus on carbon-based, high-temperature non-metallic, and other high-end advanced materials, collaborating with the steel industry to deliver integrated comprehensive solutions for advanced materials.
As a strategic emerging industry, magnesium-based new materials represent a prime example of new quality productive forces. As the sole development platform for magnesium-based materials within the group, Baowu Magnesium is committed to executing the group's strategic initiatives. The company aims to optimize its magnesium industry layout, accelerate the development of the full magnesium supply chain, and establish itself as a leading lightweight solutions provider and core force in China Baowu's new materials sector.
China Baowu has previously announced plans to enhance its competitive edge in advanced materials and steel products. The company will accelerate the development of light metal materials such as magnesium, aluminum, and titanium, along with specialized metallurgical materials offering high temperature, corrosion resistance, and precision capabilities. In addition, Baowu will focus on carbon-based, high-temperature non-metallic, and other high-end advanced materials, collaborating with the steel industry to deliver integrated comprehensive solutions for advanced materials.
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