In 2013, Baosteel Co., Ltd. Gained good progress in new product R & D, with all figures reaching the annual target. The unique proportion and global starting number have been increased substantially than last year, completing 152%, 133% of the annual target, making due contributions to production & operation capability, and technical innovation of Baosteel Co., Ltd.
Since this year, Baosteel Co., Ltd has conducted a serial of exploration and practices in new product R & D mechanism and innovation. Focusing on client demand, with early engagement, quick response, intensified planning and streamlined management, the efficiency of new product development has been greatly improved. What's more, the decision making time of new product demand is reduced by 48%, R & D task conversion time is reduced by 62% and design output organization time is reduced by 50%. When grabbing the market opportunity and meeting the needs of our clients, considerable profit is created and development is expanded.
Baosteel Co., Ltd. Sticks to be a technology leader, sets up R & D supportive system to breed global starting product. Streamlined design has been made in starting product recognition, project planning and resource guarantee, etc., providing substantial resource guarantee for starting product team to fulfill breakthrough quickly. This year, 5 items as cold rolled quenching ductility steel QP980、high performance hot rolled wear resistant steel BW300TP、NGO B50AE-2 for super high efficiency motor、high strength high tenacity pipe sleeve BG140V and super high tension resistant air sealing drill BT-S13Cr110, etc. Have become the global starting products, recognized by our clients.
This year, with the new heavy plate product as pilot, Baosteel Co., Ltd has promoted the whole process management & control policy from product to R & D, streamline the key factors from all sequences that matter the cost of new products, establish target cost system supportive platform for new products, and gradually expand into hot rolled, cold rolled and silicon steel products, enhancing the profitability of new products. Moreover, as to commercialization projects, Baosteel Co., Ltd. Has established the joint promotion mechanism for scientific research and technology revamping, realizing synchronized development between scientific research and engineering project, accelerating the commercialization and further intensifying the market competitiveness for Baosteel product.
