Xiamen Luhong Tungsten and Molybdenum Industry Co., Ltd. is a Sino-Korean joint venture state-owned holding enterprise established in 1992, with a registered capital of 209 million yuan. Xiamen Tungsten Industry, a listed company, is its major shareholder, accounting for 65% of the shares. Business scope of the company: production and sales of non-ferrous metals such as tungsten, molybdenum, tantalum, niobium, zirconium, nickel and titanium, as well as wires, bars, plates, profiled bars and tungsten-molybdenum components, mainly producing various profiled parts such as tungsten wire, tungsten-rhenium wire, molybdenum wire, titanium wire, filament, TIG tungsten electrode, magnetron coil, tungsten and molybdenum. The annual output of coarse tungsten wire/kloc-0.5 million tons (300 tons of TIG tungsten electrode), fine tungsten wire/kloc-0.20 million meters, coarse molybdenum wire/kloc-0.00 million tons, fine molybdenum wire/kloc-0.00 million meters, filament/kloc-0.00 million, and. In line with the business philosophy of "all for customers", the company's business has developed to more than 30 countries around the world, including Europe and America, accounting for more than 65,438+05% of the stable international market share. It is the main supplier of tungsten wire for world-famous lighting enterprises, occupying most of the high-end markets in China, with a domestic market share of over 40%. Tungsten filament for energy-saving lamps accounts for more than 80% of the domestic market, while 80% of tungsten filament for automobile lamps comes from China. Since 200 1, the company has ranked first in the country in terms of tungsten wire production and sales, and has ranked first in the world in terms of tungsten wire production and sales since 2005.