NW companies ranking among China's Top 500

Four Gansu enterprises ranked among the China's Top 500 company announced by China Enterprise Confederation and China Enterprise Directors Association on Aug 22 .

The companies are Jinchuan Group Co., Jiuquan Iron and Steel Co., Baiyin Nonferrous Metal Group Co. and Gansu Construction Investment (Holding) Group Co.

Jinchuan Group is China's largest nickel and cobalt platinum metal producer, in 79th place among the Top 500, with annual revenues of 200.4 billion yuan ($31.36 billion), and up 10 places from last year's ranking. The company is also 27th among the China manufacturing enterprises Top 500.

Jiuquan Iron and Steel came in at 109th place, while Baiyin Nonferrous was at 273rd and Gansu Construction Investment was at the 329th spot.

Gansu Construction Investment is the only Gansu enterprise on the list that is not natural-resource-based and has been among the Top 500 for four consecutive years.

This year, it says it plans to build equipment manufacturing parks in Gansu, one of which, the Wuwei New Energy Equipment Manufacturing Industrial Park, costing 1.2 billion yuan, will produce wind power equipment and facilities for controlling desertification.

Edited by Roger Bradshaw