Committed to Tungsten Industrial Chain, XTC Bases on Institutional Innovation

As a leader in tungsten and molybdenum, new energy materials, and rare earths industry, Xiamen Tungsten Co., Ltd (XTC) has based on innovation to establish a three-stage stereoscopic R&D organization, perfecting talent cultivation and incentive system, becoming the world's largest industrial chain of tungsten materials, the largest domestic lithium-ion cathode material and the world's most potential enterprise of rare earth deep processing and application.

In the face of achievements and challenges, the relevant person in charge of XTC said, based on current industrial and technological advantages, the company will aim at breaking the foreign technology and blockade of the key materials and components, aiming at the world's technological frontiers. Continuing to innovate through institutional mechanisms to drive industrial upgrading and upgrade the level of industrial chain modernization.

XTC becoming the largest industrial chain of tungsten materials globally image

Build three-stage stereoscopic research and development to ensure technological innovation. For example, titanium alloys are an indispensable material for aerospace vehicles. One Boeing 787-8 jetliner should use nearly 10 tons of titanium alloys. To handle such high strength, heat, and corrosion-resistant materials require for metal cutting tools. The company has successfully developed high-precision integrated tools for the processing of aerospace titanium alloy structural parts, and achieved more than 50% of imported replacement.

After the establishment of the three-stage stereoscopic form R&D organization, the overall planning and assistance of the labor division is the key. To this end, in 2016, XTC introduced Huawei IPD, intending to solving advanced management problems of large-scale R&D. The core content of IPD is to build four process systems: demand management, market planning, technology development, and product development. The successful implementation of IPD enabled thousands of engineers of the company to conduct research and development with high efficiency and large scale in one language and one concept. It has formed industrial synergy and joint technology research, and an industry chain with stronger creation and higher added value in open cooperation.

The company regards funds and projects like the “bovine nose” of innovation management. Based on this, the Group divides all R&D activities into four categories: technology research and development, product research and development, process innovation, and equipment research and development. It invests in R&D activities at an annual revenue of not less than 3 percent and specifies the proportion of funds for each type of product. At the same time, use a comprehensive budget to regulate the investment direction of research and development funds and the amount of funds.

XTC regards value creation, evaluation, and distribution as important issues, and clarifies management mechanism. In the next step, the company intends to enrich the construction of various engineering centers and build eight research institutes including the Advanced Coating Research Institute. Through continuous innovation of institutional mechanisms to realize the two-wheel drive of scientific research, and promote industrial upgrading and industrial chain modernization.