Vanadium Titanium Co., Ltd. reduced the system cost by 190 million yuan from January to July
Release time:
17 Aug,2023
Since the beginning of this year, Vanadium Titanium Co., Ltd. has closely focused on the goal of cost reduction, strictly and meticulously grasped management, and reduced costs bit by bit, and as of the end of July, the system reduced costs by 190 million yuan.
Since the beginning of this year, Vanadium Titanium Co., Ltd. has closely focused on the goal of cost reduction, strictly and meticulously grasped management, and reduced costs bit by bit, and as of the end of July, the system reduced costs by 190 million yuan.
Vanadium Titanium Co., Ltd. benchmarked advanced peers, comprehensively found the gaps in all aspects of production and operation, formed 13 cost-reduction task decomposition tables and measure tables, highlighted "classified control" and "hierarchical control", set basic goals, struggle goals, challenge goals, hierarchical establishment of incentive and assessment mechanisms, layer by layer compacting responsibilities to teams and positions and linked to performance.
The company focuses on the stable and efficient operation of the core production line, focuses on improving the yield of vanadium and titanium products and other core technical and economic indicators, clarifies the difficulties in cost reduction, and adopts methods such as "unveiling the leaderboard", launching labor competitions, putting forward rationalization suggestions, and playing the role of innovation studios to maximize the scale of key products.

The company strengthens the refined control of the energy system, carries out energy-saving and consumption-reducing technology transformation, gives full play to the role of experts and technical teams, and promotes cost reduction with process project research. Chongqing Titanium Industry has continued to carry out research on improving the yield of titanium dioxide through benchmarking, making up for shortcomings in strong and weak items, and achieved remarkable results in cost reduction; Panzhihua Vanadium Products Branch sorted out the operation of the existing energy metering and measuring devices, and added the metering and measuring devices in time; Xichang Vanadium Products carried out projects such as the optimization and transformation of "wind transmission system" and the transformation of "reduction kiln gas valve" to further reduce energy consumption; Dongfang Titanium completed projects such as "Titanium Liquid MVR Evaporative Concentration System Transformation" and "Flash Dry Tail Gas Heat Energy Utilization Energy Saving Transformation", and upgraded the production line process capacity, achieving a new breakthrough in production capacity while continuously reducing production costs.
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