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Heavy Industry
Heavy Industry
Heavy industry is the industry that involves large and heavy products,
facilities and equipment, as well as greater complexity due to its numerous
processes. It is classified into steel industry, chemical industry and
extractive industry. The term "heavy" refers to the fact that the items
produced by "heavy industry" were usually iron, coal, oil, ships, among
others.
A feature of heavy industry is that they often sell their goods to other
industrial customers, rather than to the end consumer. In other words,
they typically make products that are used to make other products, so they
require a lot of machinery and equipment to produce.
As a result of the above, when an economy begins to recover, heavy
industry is typically the first to show signs of improvement and are the first
to benefit from an increase in demand. This makes this sector carry an
economic indicator.
Contents [ hide ]
1 Characteristics of heavy industry
2 Evolution of heavy industry
3 Processes and technologies used
4 Products
5 Differences between heavy industry and light industry
6 Regulations and environmental impact
7 Examples of heavy industry companies
o 7.1 Hyundai Heavy Industries Co., Ltd
o 7.2 Taiyuan Heavy Industry Co., Ltd.
8 interesting facts
9 References
-They affect the production chain because they are massive products.
-They focus mainly on the assembly of the products, not on the promotion
or sale of the final products.
Evolution of heavy industry
Transportation and construction have occupied most of heavy industry
throughout the industrial era. Typical examples from the mid-19th century
to the early 1920s include steelmaking, artillery production, locomotive,
machine and tool building, and heavier types of mining.
From the late 19th century to the mid-20th century, the development of
the chemical industry and the electrical industry were involved in both
heavy and light industry, as well as the automotive industry and the aircraft
industry. Modern shipbuilding is considered heavy industry, as steel
replaced wood.
In the 21st century, the use of heavy industrial machinery is increasing and
various industry sectors are growing. The introduction of customer-facing
digital technologies has helped these industries continue to develop and
evolve.
Products
Heavy industrial products are mainly the product of various disciplines,
such as energy, which includes thermal energy, nuclear energy and natural
energy.
-The capital requirements of heavy industry are much higher than light
industry, for example, an oil refinery will have enormous capital cost.
-The labor force for heavy industry often has to be more skilled and
experienced, whereas light industry can generally employ less qualified
people, with moderate training.
-In light industry, a very light assembly of prefabricated components
occurs, for example the assembly of IKEA furniture, while heavy industry
involves greater complexity in its processes and subprocesses.
-The manufacturing of clothing, furniture and electronics falls into the light
industry category, while the production of automobiles, large structures,
military equipment such as tanks and bombs are considered heavy
industry.
This regulation is related, in part, to the effect that heavy industries have
on the environment, as they often produce a significant amount of pollution
that can affect the air and water throughout the area where their
operations are located.
The distribution network for solar powered products covers more than 72
distributors and wholesalers, across more than 20 countries.
company products
Interesting data
1. The Ministry of Heavy Industry Construction of the USSR was a
central government institution charged with directing the heavy
industry of the Soviet Union. It was established in 1946. The
ministry headquarters was one of the Seven Sisters built during
the last 10 years of Stalin's life, also known as the Red Gate
building due to its proximity to Red Gate Square.
2. The Mitsubishi 500 was the first passenger car produced after
World War II by Shin-Mitsubishi Heavy Industries, Ltd., one of the
companies that would become Mitsubishi Motors. It was built from
1960 to 1962 and formed the basis for Mitsubishi's next model,
the Colt 600. It was exported in small numbers.
References
1. Morris Teubal, “Heavy and Light Industry in Economic
Development,” The American Economic Review (1973).
2. Glossary of the British Association, The Geographical Journal, vol.
118.
3. HYUNDAI Consolidated Statements of Comprehensive Loss For the
years ended (2015).
Yahoo! Finance.
4. "Products" . Mitsubishi Heavy Industries, Ltd. (2011).
5. «Capabilities & Services». SpaceX (2016).
6. "China's CITIC Heavy launches IPO in Shanghai" . Reuters. (2012).