OREANDA-NEWS. July 18, 2011. Recently, 2011 Fortune 500 Ranking unveiled that Wisco, consecutive in the list for two years, ranks 340 with USD 28170 million operating revenue, up by 88 places from last year. Compared with listed Chinese steel companies, Wisco tops by its soaring up in the ranking, reported the press-centre of Wisco.

Fortune Global 500 ranking is the most notable and authoritative list for measuring global large-scale companies, released annually by Fortune Magazine. In 2010, Wisco ranked 428 with USD 20540 million operating revenue for the first time. It shows that Wisco’s business capacity and international impact have been significantly promoted and strengthened due to its surging ranking in 2011.

During Eleventh Five-year Plan, Wisco carried out structural transition and upgrading, realized “go global” strategy  of developing from Wuhan headquarter to southwest and center area, coastal area and abroad, constantly optimized  major business layout, achieved huge breakthrough for southwest and center area development and internationalization strategy. Confronting international financial crisis, Wisco insisted on theme of scientific development, adhered to main line of accelerating change of developing mode, took quality-oriented profit as breakthrough, fully boosted the third undertaking, and continuously advancing independent innovation. By means of all these efforts, Wisco not only brought about increasing core competitiveness, but also fulfilled state requirements on improving steel industry intensity and stepping up structural adjusting, attained sound and rapid development, comprehensively achieved all the targets and missions of the Eleventh Five-year Plan. 

Regarding to the Twelfth Five-year Plan, Wisco president Deng Qilin indicates that Wisco aims to be built as an excellent enterprise with better competitiveness among world 500, speed up transforming from single production and operation-oriented to quality-oriented profit,from inland development to coastal area and overseas development, from one focus business to moderate diversified business with the most powerful business, strive to construct a resource conservative and environment friendly as well as well respected world first class steel group with strong comprehensive strength.