en.Wedoany.com Reported - Fang Wei, Chairman of the Board of Directors of Fangda Group, visited the production frontline of enterprises the day after Sichuan Vanadium-Titanium and Yunnan Vanadium-Titanium completed equity changes on May 30 and June 2, 2026, respectively. He attended a meeting of middle-level and above cadres, offering suggestions on enterprise development and management.
Fang Wei pointed out that Fangda Group's development must adhere to the "Five Compliance" principles, namely compliance with the requirements of General Secretary Xi Jinping and the Party Central Committee, laws and regulations, market principles, social benefits, and benefits for all employees. He emphasized the need to uphold Party leadership and manage the enterprise with Party ideology. Fang Wei stated that the Group always adheres to law-based governance and law-based enterprise development, requiring cadres and employees to study and abide by the law more diligently. He suggested that after the introduction of new rules, except for violations of safety red lines or damage to enterprise interests, the first two violations within this year would not be assessed, only subject to criticism, with penalties applied from the third violation onward. He also stressed that safety work is of utmost importance, advocating "better to hear scolding than crying," and never cutting costs on safety investments.
Regarding the future development of the enterprises, Fang Wei stated that after Fangda Group's lawful entry, it will be committed to driving enterprise growth. He mentioned that Sichuan Vanadium-Titanium and Yunnan Vanadium-Titanium have been renamed to Sichuan Fangda Vanadium-Titanium Group Co., Ltd. and Yunnan Fangda Vanadium-Titanium New Materials Co., Ltd., respectively, aiming to actively serve national strategies, particularly targeting the goal of "building a world-class vanadium-titanium industrial base" in Sichuan Province's "15th Five-Year Plan," leveraging the advantages of vanadium-titanium steelmaking in both regions to promote technological upgrades. Fang Wei noted that the Ministry of Industry and Information Technology released the "Implementation Measures for Capacity Replacement in the Steel Industry" on May 18, with a two-year transition period. Sichuan Vanadium-Titanium and Yunnan Vanadium-Titanium should seize this window to accelerate the implementation of fill-in and upgrade technological improvements, planned for completion by the end of 2027. He emphasized that after completing technological upgrades, Sichuan Vanadium-Titanium should achieve a cost reduction of 270 yuan per ton of finished steel.
Fang Wei offered suggestions on production and operations, calling for refined management. Sales work needs to stay close to the market, while procurement should adhere to the principle of "quality first, quantity second, price third," starting with source research. On cost reduction, he mentioned that sister units have already proposed over 800 supervisory suggestions, and those that are correct should be implemented promptly; loopholes must be plugged in procurement, production, logistics, and other links, fully leveraging the roles of people, systems, and equipment. In terms of environmental protection, efforts should be made to build garden-style factories. Regarding personnel, Fang Wei emphasized adhering to the concept of "gathering talents from all over the world and appointing people on their merits," with performance-oriented mechanisms enabling both upward and downward mobility in positions and income. He encouraged motivating employees through small reforms and innovations with corresponding incentives.
Fang Wei also stressed the importance of propaganda and ideological work, calling for the prompt launch of employee forums to encourage open discussion, while prohibiting inappropriate remarks. He affirmed the work of cadres, employees, and support personnel at Sichuan Vanadium-Titanium and Yunnan Vanadium-Titanium. The meeting also announced organizational structure setups and cadre appointment suggestions and decisions for the two enterprises. Fangda Group executives Huang Zhihua, Xu Zhixin, Tang Guilin, Sun Dong, and Zhan Baidan accompanied the inspection.
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