Makes Good Use of Each Resources
Makes Good Use of Each Resources
---- ZRCC Innovation Series (2)
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Recently, ZRCC was praised by the leader of Party Leadership Group of Sinopec as “the concept of Today's Investment is Tomorrow's Cost has been deeply rooted in the heart of each member of ZRCC, which resulted in high ROI and better economic benefit for each investment.” This honor is attributed to the following three aspects.
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Make prudent decisions for maximum output of each investment. “Today's investment is tomorrow's cost. Thus, we have to make investment in a rational and scientific way to do the right things. Only this can truly ensure the responsibility for our company and for the future, “said Mr. Jiang Zhenghong, general manger of ZRCC, when it came to investment management.
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Do accounting through the whole process for optimum economic benefit of each scheme. ZRCC implemented overall budget management and full cost management to achieve the objective of cost reduction and efficiency boost with respect to project construction, procurement, production optimization, capital settlement and tax planning, which highlights the guide role of financing in production & operating management.
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Fully integrate refining with chemical for maximum value of each molecule. On the basis of actual condition, ZRCC adjusted the structures of feedstock and product in an all-around manner to take full advantage of refining & chemical integration with industrial structure upgrading and transformation promoting as important measures for efficient development.
Information source: 
2012-09-17