The 4th Meeting of the 6th Board of Directors of Jinan Ludong Refractory Materials Co., Ltd. was successfully held.

Published Time:

2025-04-11

The sixth session of the fourth board meeting of Jinan Ludong Refractory Materials Co., Ltd. was successfully held on March 24, 2025, in the east conference hall on the second floor of the company. The meeting was presided over by Mr. Fang Qiang, chairman of the board, and attended by Ms. Yamada Tomonaga, vice chairman of the board, Mr. Kinoshita Hito, all directors of the company, and attendees.

On March 24, 2025, the sixth session of the fourth board meeting of Jinan Ludong Refractory Materials Co., Ltd. was successfully held in the east meeting room on the second floor of the company. The meeting was chaired by Mr. Fang Qiang, Chairman of the Board, and attended by Ms. Yamada Chie and Mr. Kinoshita Hito, Vice Chairmen of the Board, as well as all directors and attendees of the company.

At the beginning of the meeting, Mr. Fang Qiang, General Manager of the company, delivered a speech, stating that Ludong Company achieved remarkable results in 2024 under a complex market environment. In the face of challenges such as global economic fluctuations, trade frictions, and policy adjustments, all employees of the company worked together to overcome difficulties and achieve steady development through optimized management and market expansion. The implementation of "target responsibility" management, the detailed breakdown of strategic goals to departments, the strengthening of assessment implementation, and the introduction of 41 new employees have injected new impetus into the development.

Cost control achieved outstanding results: The production center reduced material consumption through process control; six cost reduction teams continuously refined measures to achieve annual goals; digital upgrades deepened the application of ERP and MES systems; and the new OA platform improved decision-making efficiency. Environmental protection and safety double standards were met, with dust emissions and wastewater treatment complying with national standards, and the newly issued discharge permit passed multiple inspections; safety management adhered to the principle of "prevention first," resulting in zero accidents throughout the year.

The business field achieved breakthroughs against the trend. Four new customers were developed in the domestic market, strategic customers such as Chongqing Iron and Steel were consolidated, the contract price for Handan Iron and Steel Plant was increased by 20%, eight furnace campaigns were won in Lai Steel, contracts were renewed with price increases in Rizhao Steel Plant, new business was added with Shagang Steel, KOBM technology generated 40 million yuan in revenue, and export volume reached 20,240 tons, an increase of 1.43% year-on-year.

Research and development innovation yielded fruitful results. Eighteen types of formulas were trial-produced for Japanese customers, the bottom-blowing oxygen powder spraying technology was promoted, the Shougang Qian'an project was won, and the Luxi Chemical project was successfully delivered. The company was awarded the "Shandong Provincial Manufacturing Industry Single Item Champion," and one invention patent, two utility model patents, and four invention patent applications were added, driving development through technological innovation.

In 2025, the company will deepen quality control, promote equipment automation transformation, and strengthen information construction to enhance market competitiveness through high-end, intelligent, and green transformation. It will also work with partners to promote the development of the Sino-Japanese New Materials Industrial Park and achieve sustainable development goals.
We would like to express our gratitude to Tokyo Trading Co., Ltd. and Shinagawa Refractories Co., Ltd. for their support and trust. In the new year, let the fire of research and development innovation continue to burn, let the strings of production quality remain taut, let the road of sales expansion become wider and wider, and let us push our brand to a broader world. The company's board of directors will continue to lead all employees to unite as one, strive for progress, and achieve the company's leapfrog development in this year full of hope, writing a magnificent chapter that belongs to us! Let us work together and set sail for the shores of victory!