Pingyao Coal Chemical at the head of other Jinzhong enterprises

At the recent biennial selection of the Top 50 companies of Jinzhong, Shanxi province, the Pingyao Coal Chemical (Group) Co came in at No.3, thanks to a growth pathway over the past few years that uses collectivization, diversification and a new type of industrialization.

The company, which was just behind the Shanxi Antai Group and Huaying Shanxi Energy Investment Co in the rankings, has been able to change from a coal company to a new industrial type as an enterprise group that integrates coal, coking chemicals, gas, and coal gangue paper-making, with new building materials, transportation and logistics, real estate, bio-development, tourism, finance, the culture industry, and new optical materials.

The company has 32 subsidiaries and more than 5,000 employees, with assets of 3.5 billion yuan.

Jinzhong's biennial selection of its Top 50 companies is conducted by the municipal industry association, municipal enterprise associations, and related departments.

Edited by Roger Bradshaw