Home >  News

Yangquan industries achieve positive growth in Q1

Updated: 2025-05-14

Yangquan made significant high-quality development progress in the first quarter of this year by accelerating the cultivation and expansion of new productive forces. The city's six major industries reported increased output value, marking a strong start to the year.

These industries include fine chemical new materials, new energy equipment manufacturing, advanced metal materials, new calcium-based materials, new energy-saving and environmentally friendly materials, and advanced equipment manufacturing.

The fine chemical new materials and new energy equipment manufacturing sectors demonstrated particularly robust growth, with Shanxi Huachu Optoelectronics Co achieving an output value of 205 million yuan ($28.47 million).

In the advanced metal materials sector, Kangbot Yangquan New Materials Co, which specializes in molybdenum powder, tungsten powder, and tungsten-molybdenum products, reported an output value of 180 million yuan, a 51.3 percent year-on-year increase.

Yangquan has also accelerated the development of the new energy-saving and environmentally friendly materials industry, with Ouyeel Yangquan Renewable Resources Co achieving an output value of 900 million yuan, a 5.3 percent year-on-year increase.

Authorities have also enhanced services to support key enterprises, including organizing visits to facilitate business connections and guiding companies in extending their industrial chains.