Tianjin Rockcheck leads the way in innovation

China's privately-owned steel companies are proving to be more innovative and more productive than their State-owned counterparts, especially in the adoption of intelligent management and execution systems for cutting costs.

The government had recently launched the Made in China 2025, a 10-year action plan, to upgrade and transform Chinese manufacturing by improving manufacturing innovation and integrating information technology and industry.

Tianjin Rockcheck Investment Holding Group Co Ltd, a steel producer, expects to cut production costs by 200 million yuan ($30.17 million) every year since its started intelligent steel manufacturing on Jan 1 this year, said Li Xinchuang, president of China Metallurgical Industry Planning and Research Institute.