en.Wedoany.com Reported - The Taiyuan Heavy Industry Group Co., Ltd. (referred to as Taiyuan Heavy Industry Group) held a meeting of the Standing Committee of the Party Committee at its headquarters on June 9, 2026, to review the formulation of the "Taiyuan Heavy Industry Group Compliance Management Regulations" and the report on the group's "Two Excellences, One Advanced" (Outstanding Communist Party Members, Outstanding Party Affairs Workers, and Advanced Grassroots Party Organizations) recommendation work. The meeting was chaired by Tao Jiajin, Secretary of the Group's Party Committee and Chairman of the Board.
Founded in 1950 and headquartered in Taiyuan City, Shanxi Province, Taiyuan Heavy Industry Group is a backbone enterprise in China's heavy machinery industry. Its main business includes the research, development, and manufacturing of equipment in fields such as mining, metallurgy, hoisting, rail transit, and engineering machinery, with products exported to over 60 countries and regions worldwide. As of the end of 2025, the group's total assets amounted to approximately 60 billion yuan.
The meeting conveyed and studied General Secretary Xi Jinping's important expositions on work safety. Considering the company's operational characteristics, it emphasized focusing on key areas and critical links, conducting in-depth investigations and rectifications of various risks and hazards, and resolutely preventing and curbing the occurrence of major and extraordinarily serious accidents. As the flood season is currently underway, the meeting also required strengthening emergency duty management, improving flood prevention emergency plans, and effectively ensuring the safety of employees' lives and property.
Regarding compliance management, the meeting pointed out that compliance is the foundation of an enterprise's survival. It required all company departments to further refine and improve specific compliance management systems or special guidelines in accordance with the "Shanxi Province Provincial State-owned Enterprise Compliance Management Measures" issued by the State-owned Assets Supervision and Administration Commission of Shanxi Province. Responsibilities for compliance must be firmly established at all levels, comprehensively advancing the construction of the company's compliance management system to provide solid guarantees for the company's lawful and compliant operations. The year 2026 marks the 105th anniversary of the founding of the Communist Party of China. The meeting required solid efforts in the selection and commendation work for "Two Excellences, One Advanced" according to relevant deployments, comprehensively showcasing the outstanding achievements of the company's Party members and cadres in various tasks, and fostering a strong atmosphere of advocating for advanced models.
The meeting also analyzed the current complex economic situation, emphasizing the need to maintain strategic focus, closely track changes in the situation, scientifically assess risks and challenges, and optimize business strategies. The meeting clearly prioritized fund security, requiring accelerated development of new products, deep promotion of cost reduction and efficiency enhancement, strict implementation of high-quality contracts, and improvement of core competitiveness and resilience against risks. The meeting required all units, as the mid-year point approaches, to comprehensively conduct a mid-year work review, check progress against annual targets item by item, identify shortcomings, clarify key tasks and specific measures for the second half of the year, and test work effectiveness through actual business performance, ensuring the successful completion of all annual targets and tasks.
This meeting made deployments around topics such as work safety, compliance management, Party-building commendations, and business strategies, reflecting the phased direction of Taiyuan Heavy Industry Group in strengthening internal governance and stabilizing growth amid a complex situation.
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