In December, "Henan Xibao Metallurgical Materials Group Co., LTD." was established, which achieved a "zero breakthrough" in international trade that year and earned more than 3 million US dollars in foreign exchange from exports.
In the same year, Xibao Group obtained the laboratory accreditation certificate of China National Accreditation Committee for Conformity Assessment for the first time, becoming one of the earliest enterprises in the industry to obtain CNAS accreditation.
Xixia County Metallurgical Protection Materials Co., Ltd. was established to implement shareholding reform
All the collective shares are withdrawn and the whole private joint-stock operation is realized. In the same year, Xixia Shenlong Metallurgy Materials Co. ,Ltd. was established to open up new business of alloy wire.
Starting conglomerated operation. Yuhua Metallurgical Charge Company was established successively in Huating County, Pingliang City, Gansu Province, and entered the field of ferroalloy in steelmaking. Xibao Aluminum Products Co., Ltd. was established in Danjiangkou City, Hubei Province, specializing in the production of patented products of steel-cored aluminum. In the same year, continuous casting refractories' plant were put into operation successively, and Henan Xixia County Metallurgical Accessories Co., LTD., began large-scale production of continuous casting functional refractory materials.
Renaming to Xixia County protective Materials Factory.
In July , Li Shucheng led the entrepreneurial team to successfully develop the FZ type composite protection slag, which replaced the "712" type powder slag widely used in the market at that time. The first application in Shaanxi steel plant shows that the product effectively simplifies the traditional steel casting process, not only reduces the production cost of steel mills, but also increases the yield of tons of steel. With this initial-innovation product , Xixia County protective materials Factory soon occupied the northwest China market, and quickly advanced into the northeast, Hebei, Jiangsu and Zhejiang, southwest markets, the development of the enterprise has opened a new chapter.
Xixia County Protective Materials Factory's FZ type composite protection slag passed the technical appraisal of the Ministry of Metallurgy in Xi 'an, and was identified as a steel protection material to fill the gap in the domestic industry.
Renamed Xixia County Electromechanical Plastics Factory, main products are plastic products and small water turbine generator sets.
In July, Li Shucheng,the founder of the group was appointed as the factory director and Party branch secretary. After fully investigating of the development status of China's iron and steel industry, he led the staff of the whole plant to decisively switch to the production of steel protection materials, which opened a landmark strategic transformation in the history of Xibao Group. Li Shucheng carried more than 60 kilograms of experimental materials sacks, and the entrepreneurial story of experts, steel institutes, and products took place in this period.
Moved to Nantanggang in the southwest corner of the Chengguan town, and successively established foundry, mechanic, motor and other workshops, it mainly operations motor repairing and machining.
In October, Xibao Group's predecessor company"Xixia County Chengguan town Wuqi Comprehensive Factory" was founded, located in the backyard of the current Chengguan town Senior School. Initially, it was a comprehensive processing plant for agricultural machinery and tools, mainly producing small agricultural tools, bamboo weaving umbrellas and furniture paint.Belonging to town-owned enterprises.
