Pengfei Group: Leading High-Quality Development with New Concepts

Release Date:

2018-01-21

Pengfei Group: Leading High-Quality Development with New Ideas January 21, 2018, Lüliang Daily Xiaoyi Pengfei Industrial Co., Ltd. The Provincial Entrepreneurs’ Conference called for fostering a healthy environment for entrepreneurs’ growth, promoting the spirit of outstanding business leaders, and building a contingent of Shanxi entrepreneurs who wield significant influence both at home and abroad. Entrepreneurs in Xiaoyi City are brimming with confidence— New ideas are driving high-quality development, and the new era is showcasing the renewed vigor of Shanxi’s business community. Held earlier this month, the provincial entrepreneurs’ conference was the first large-scale, dedicated event convened by the provincial Party committee and provincial government to support enterprise development, with participating companies all having made substantial contributions to the province’s economic and social progress.

2018-01-21 Lüliang Daily Xiaoyi Pengfei Industrial Co., Ltd.

The provincial entrepreneurs’ conference called for fostering a healthy environment for the growth of business leaders, promoting the spirit of outstanding entrepreneurs, and building a contingent of Shanxi-based entrepreneurs with significant influence at home and abroad. Entrepreneurs in Xiaoyi City are brimming with confidence—

New ideas are guiding high-quality development, and the new era is showcasing the renewed vigor of Shanxi’s emerging business leaders. At the provincial entrepreneurs’ conference held earlier this month, the provincial Party committee and government convened, for the first time, a large-scale, dedicated event to support enterprise growth. All participating companies have made significant contributions to the province’s economic and social development. Zheng Peng, chairman of Xiaoyi Pengfei (Industrial) Group, was invited to attend as the sole representative from the coking industry in Lüliang City. In 2017, Pengfei (Industrial) Group ranked 25th among Shanxi Province’s top 100 private enterprises and was recognized at the Shanxi Provincial Conference on the Integration of Creativity and the Internet as a “Demonstration Enterprise for the Integration of Informatization and Industrialization,” becoming the only coking company in the province to receive this honor—providing robust support as the company transitions from rapid growth to high‑quality development.

Entrepreneurs are the main force behind reform and innovation, shouldering the historic responsibility of driving our province’s transformation and development. Held in Shanxi at the outset of the “Year of Transformation Project Construction,” the provincial entrepreneurs’ conference not only recognizes their past achievements but also embodies the provincial Party committee and government’s high expectations for them. “This conference has made us feel the care and support of the provincial Party committee and government, which have provided the best ‘six‑most’ business environment for entrepreneurs and ensured comprehensive, end‑to‑end services, bolstering our confidence in future growth,” said Zheng Peng, Chairman of Pengfei (Industrial) Group, who, having witnessed the many development benefits unveiled at the event, is now brimming with confidence about the company’s prospects.

According to reports, Xiaoyi Pengfei (Industrial) Group is a locally based enterprise in Xiaoyi, established in 1993. Starting from a small coke oven, it has steadily grown into a large, diversified, high-tech private conglomerate integrating premium coal production, coke manufacturing, coal‑gas power generation, ferrosilicon and metallic magnesium smelting, as well as research and development and transportation‑logistics services. Over more than two decades of relentless pursuit, the company has embedded the new development philosophy into every stage of its growth, not only achieving industry‑leading positions but also demonstrating, through its rapid expansion, the exceptional business environment of Xiaoyi.

“Confidence is more valuable than gold.” For Pengfei, the government’s support and assistance represent its strongest backing. At the provincial entrepreneurs’ conference, Luo Huining emphasized that cultivating a large contingent of entrepreneurs is a major strategic task for advancing Shanxi’s transformation and development. He called on Party committees and governments at all levels to remain guided by clear objectives and problem‑oriented approaches, strengthen top‑level design, and provide comprehensive support across environmental improvements, policy incentives, and resource allocation. In recent years, the Xiaoyi Municipal Party Committee and Municipal Government have established streamlined channels to facilitate business development, creating an optimal environment for enterprises. “Relocation has long been one of the most complex, multifaceted challenges in the early stages of enterprise growth, involving the broadest range of stakeholders,” said Zheng Peng with emotion. “However, under the leadership of the Xiaoyi Ten‑Million‑Ton Coal‑Chemical Circular Economy Park, senior officials personally took charge, coordinating departments to hold regular, scheduled meetings—every two weeks—so that what would normally take us two years to accomplish in terms of relocation and demolition was completed in less than two months.” Meanwhile, under the guidance of the Xiaoyi Municipal Party Committee and Municipal Government, Pengfei (Industrial) Group has not only actively engaged in key project construction but has also committed itself to social welfare initiatives. The company’s think tank has assembled over 300 top‑tier petrochemical experts and a substantial pool of outstanding coal‑chemical professionals, providing robust intellectual support and injecting strong momentum into both Pengfei’s own development and that of the entire Xiaoyi coal‑chemical industrial park.

It is reported that, with the gradual commissioning next year of projects such as Fischer–Tropsch synthesis wax, fluidized-bed hydrogenation, carbon materials, carbon fibers, and carbon microspheres, Pengfei (Industrial) Group will spearhead an energy revolution across central Shanxi. The technologies underpinning these projects have reached the world’s most advanced frontiers, transforming what were once sprawling, polluting enterprises into hubs for green, clean energy supply. Moving forward, Pengfei (Industrial) Group will orient its development around the guiding principles of the 19th National Congress of the Communist Party of China, and, inspired by the spirit of entrepreneurship and innovation prevailing throughout Xiaoyi, it will press ahead at an accelerated pace and to even higher standards, striving to become a super‑large enterprise and presenting a wholly new corporate image. (Guo Xiaoxing)