China First Heavy Industries (abbreviated as: China First Heavy Industries, CFHI) is a centralized enterprise involved in major complete sets of technological equipment, which was founded in 1954. The company mainly provides major complete sets of technical equipment, high-tech products and services for the steel, electric power, energy, automobile, mining, petrochemical, transportation and other industries as well as the national defense and military industries, and carries out related international trade.
Centralized Enterprise
China Yizhong Group Corporation (China Yizhong), formerly known as No.1 Heavy Machinery Factory, was founded in 1954, and is one of the 53 important state-owned backbone enterprises managed by the central government, which are involved in national security and the lifeblood of the national economy.
In December 2008, China First Heavy Machinery Corporation was established, and in February 2010, it successfully realized the overall listing. By the end of 2010, it had 11,679 employees on board, including 2,270 engineers and technicians, and its total assets amounted to 29.1 billion yuan.
So far, China First Heavy*** has provided more than 2 million tons of machinery products for the construction of the national economy, developed and researched more than 300 new products, and filled more than 400 technical gaps of the domestic industrial products, which have equipped major iron and steel enterprises such as Anshan Iron & Steel, Baosteel, Wuhan Iron & Steel, Shougang, Bengal Iron & Steel and Pan Iron & Steel, etc.
First Heavy is mainly engaged in providing machinery products for the iron and steel, electric power, automobile, mining, petrochemical, nuclear power, Transportation and other industries and the national defense industry to provide major sets of technical equipment, high-tech products and technical services, and to carry out related international trade.
It can provide 200,000 tons of high-quality steel/year, with a capacity of 700 tons of steel, 500 tons of castings and 300 tons of ingots at a time. It is the largest casting and forging steel production base in China, with the precision and manufacturing capacity of production technology and equipment reaching the international advanced level, and has a heavy equipment assembly and shipment base and wharf out to sea.
China's first neutron experimental fast reactor project is being installed at the site; the first international set of coal liquefaction reactor weighing 2,000 tons has been assembled and welded at the site of Shenhua Group.