Heavy industry in the context of Investment


Heavy industry in the context of Investment

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⭐ Core Definition: Heavy industry

Heavy industry is an industry that involves one or more characteristics such as large and heavy products; large and heavy equipment and facilities (such as heavy equipment, large machine tools, huge buildings and large-scale infrastructure); or complex or numerous processes. Because of those factors, heavy industry involves higher capital intensity than light industry does, and is also often more heavily cyclical in investment and employment.

Though important to economic development and industrialization of economies, heavy industry can also have significant negative side effects: both local communities and workers frequently encounter health risks, heavy industries tend to produce byproducts that both pollute the air and water, and the industrial supply chain is often involved in other environmental justice issues from mining and transportation. Because of their intensity, heavy industries are also significant contributors to greenhouse gas emissions that cause climate change, and certain parts of the industries, especially high-heat processes used in metal working and cement production, are hard to decarbonize. Industrial activities such as mining also results in pollution consisting of heavy metals. Heavy metals are very damaging to the environment because they cannot be chemically degraded.

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Heavy industry in the context of Wallonia

Wallonia (/wɒˈlniə/ wol-OH-nee-ə; French: Wallonie [walɔni] ; German: Wallonien [vaˈloːni̯ən] or Wallonie [valoˈniː] ), officially the Walloon Region (French: Région wallonne [ʁeʒjɔ̃ walɔn]; German: Wallonische Region [vaˈloːnɪʃə ʁeˈɡi̯oːn]), is one of the three regions of Belgium—along with Flanders and Brussels. Covering the southern portion of the country, Wallonia is primarily French-speaking. It accounts for 55% of Belgium's territory, but only 31% of its population. The Walloon Region and the French Community of Belgium, which is the political entity responsible for matters related mainly to culture and education, are independent concepts, because the French Community of Belgium encompasses both Wallonia and the bilingual Brussels-Capital Region but not the German-speaking Community of Belgium, which administers nine municipalities in Eastern Wallonia.

During the Industrial Revolution, Wallonia was second only to the United Kingdom in industrialization, capitalizing on its extensive deposits of coal and iron. This brought the region wealth, and from the beginning of the 19th to the middle of the 20th century, Wallonia was the more prosperous half of Belgium. Since World War II, the importance of heavy industry has greatly diminished, and the Flemish Region has exceeded Wallonia in wealth as Wallonia has declined economically. Wallonia now suffers from high unemployment and has a significantly lower GDP per capita than Flanders. The economic inequalities and linguistic divide between the two are major sources of political conflicts in Belgium and a major factor in Flemish separatism.

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Heavy industry in the context of Secondary sector of the economy

In economics, the secondary sector is the economic sector which comprises manufacturing, encompassing industries that produce a finished, usable product or are involved in construction.

This sector generally takes the output of the primary sector (i.e. raw materials like metals, wood) and creates finished goods suitable for sale to domestic businesses or consumers and for export (via distribution through the tertiary sector). Many of these industries consume large quantities of energy, require factories and use machinery; they are often classified as light or heavy based on such quantities. This also produces waste materials and waste heat that may cause environmental problems or pollution (see negative externalities). Examples include textile production, car manufacturing, and handicraft.

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Heavy industry in the context of Light industry

Light industry are industries that usually are less capital-intensive than heavy industries and are more consumer-oriented than business-oriented, as they typically produce smaller consumer goods. Most light industry products are produced for end users rather than as intermediates for use by other industries. Light industry facilities typically have a smaller environmental impact than those associated with heavy industry. For that reason, zoning laws are more likely to permit light industry near residential areas.

One definition states that light industry is a "manufacturing activity that uses moderate amounts of partially processed materials to produce items of relatively high value per unit weight".

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Heavy industry in the context of Atlas Shrugged

Atlas Shrugged is a 1957 novel by Ayn Rand. It is her longest novel, the fourth and final one published during her lifetime, and the one she considered her magnum opus in the realm of fiction writing. She described the theme of Atlas Shrugged as "the role of man's mind in existence" and it includes elements of science fiction, mystery, and romance. The book explores a number of philosophical themes from which Rand would subsequently develop Objectivism, including reason, property rights, individualism, libertarianism, and capitalism and depicts what Rand saw as the failures of governmental coercion. Of Rand's works of fiction, it contains her most extensive statement of her philosophical system.

The book depicts a dystopian United States in which heavy industry companies suffer under increasingly burdensome laws and regulations. Railroad executive Dagny Taggart and her lover, steel magnate Hank Rearden, struggle against "looters" who want to exploit their productivity. They discover that a mysterious figure called John Galt is persuading other business leaders to abandon their companies and disappear as a strike of productive individuals against the looters. The novel ends with the strikers planning to build a new capitalist society based on Galt's philosophy.

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Heavy industry in the context of Bulldozer

A bulldozer or dozer (also called a crawler) is a large tractor equipped with a metal blade at the front for pushing material (soil, sand, snow, rubble, or rock) during construction work. It travels most commonly on continuous tracks, though specialized models riding on large off-road tires are also produced. Its most popular accessory is a ripper, a large hook-like device mounted singly or in multiples in the rear to loosen dense materials.

Bulldozers are used heavily in large and small scale construction, road building, mining and quarrying, on farms, in heavy industry factories, and in military applications in both peace and wartime.

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Heavy industry in the context of Five-year plans of the Soviet Union

The five-year plans for the development of the national economy of the Union of Soviet Socialist Republics (USSR) (Russian: пятилетние планы развития народного хозяйства СССР, pyatiletniye plany razvitiya narodnogo khozyaystva SSSR) consisted of a series of nationwide centralized economic plans in the Soviet Union, beginning in the late 1920s. The Soviet state planning committee Gosplan developed these plans based on the theory of the productive forces that formed part of the ideology of the Communist Party for development of the Soviet economy. Fulfilling the current plan became the watchword of Soviet bureaucracy.

Several Soviet five-year plans did not take up the full period of time assigned to them: some were pronounced successfully completed earlier than expected, some took much longer than expected, and others failed altogether and had to be abandoned. Altogether, Gosplan launched thirteen five-year plans. The initial five-year plans aimed to achieve rapid industrialization in the Soviet Union and thus placed a major focus on heavy industry. The first five-year plan, accepted in 1928 for the period from 1929 to 1933, finished one year early. The last five-year plan, for the period from 1991 to 1995, was not completed, since the Soviet Union was dissolved in 1991.

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Heavy industry in the context of Industrial park

An industrial park, also known as industrial estate or trading estate, is an area zoned and planned for the purpose of industrial development. An industrial park can be thought of as a more heavyweight version of a business park or office park, which has offices and light industry, rather than heavy industry. Industrial parks are notable for being relatively simple to build; they often feature speedily erected single-space steel sheds, occasionally in bright colours.

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Heavy industry in the context of Sacrifice zone

A sacrifice zone or sacrifice area (often termed a national sacrifice zone or national sacrifice area) is a geographic area that has been permanently changed by heavy environmental alterations (usually to a negative degree) or economic disinvestment, often through locally unwanted land use (LULU). Commentators including Chris Hedges, Joe Sacco, and Steve Lerner have argued that corporate business practices contribute to producing sacrifice zones. A 2022 report by the United Nations highlighted that millions of people globally are in pollution sacrifice zones, particularly in zones used for heavy industry and mining.

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Heavy industry in the context of Upper Silesia

Upper Silesia (Polish: Górny Śląsk [ˈɡurnɨ ˈɕlɔ̃sk]  ; Silesian: Gůrny Ślůnsk, Gōrny Ślōnsk; Czech: Horní Slezsko; German: Oberschlesien [ˈoːbɐˌʃleːzi̯ən]  ; Silesian German: Oberschläsing; Latin: Silesia Superior) is the southeastern part of the historical and geographical region of Silesia, located today mostly in Poland, with small parts in the Czech Republic. The area is predominantly known for its heavy industry (mining and metallurgy).

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Heavy industry in the context of Jilin

Jilin is one of the three provinces of Northeast China. Its capital and largest city is Changchun. Jilin borders North Korea (Rasŏn, North Hamgyong, Ryanggang and Chagang) and Russia (Primorsky Krai) to the east, Heilongjiang to the north, Liaoning to the south, and Inner Mongolia to the west.

Along with the rest of Northeast China, Jilin underwent an early period of industrialization. However, Jilin's economy, characterized by heavy industry, has been facing economic difficulties with privatization. This prompted the central government to undertake a campaign called "Revitalize the Northeast". The region contains large deposits of oil shale.

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Heavy industry in the context of Tipton Green

Tipton Green is the central area of Tipton, a town in the West Midlands of England. It was heavily developed for heavy industry and housing during the 19th century, as Tipton was one of the most significant towns during the Industrial Revolution. Tipton Green is one of three electoral wards covering Tipton for Sandwell Metropolitan Borough Council. The population of this Sandwell ward taken at the 2011 census was 12,834. It is represented by three Labour councillors.

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Heavy industry in the context of Deindustrialization

Deindustrialization is a process of social and economic change caused by the removal or reduction of industrial capacity or activity in a country or region, especially of heavy industry or manufacturing industry.

There are different interpretations of what deindustrialization is. Many associate American deindustrialization with the mass closing of automaker plants in the now so-called Rust Belt between 1980 and 1990. The U.S. Federal Reserve raised interest and exchange rates beginning in 1979, and continuing until 1984, which automatically caused import prices to fall. Japan was rapidly expanding productivity during this time, and this decimated the US machine tool sector. A second wave of deindustrialization occurred between 2001 and 2009, culminating in the automaker bailout of GM and Chrysler.

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Heavy industry in the context of Machinery industry

The machine industry or machinery industry is a subsector of the industry, that produces and maintains machines for consumers, the industry, and most other companies in the economy.

This machine industry traditionally belongs to the heavy industry. Nowadays, many smaller industrial manufacturing companies in this branch are considered part of the light industry. Most machine tool manufacturers in the machinery industry are called machine factories.

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Heavy industry in the context of Guizhou

Guizhou is an inland province in Southwestern China with its capital and largest city as Guiyang, located in the center of the province. Guizhou borders the Guangxi Zhuang Autonomous Region to the south, Yunnan to the west, Sichuan to the northwest, the municipality of Chongqing to the north, and Hunan to the east. Guizhou has a humid subtropical climate. It covers a total area of 176,200 square kilometers and consists of six prefecture-level cities and three autonomous prefectures. The population of Guizhou stands at 38.5 million, ranking 18th among the provinces in China.

The Dian Kingdom, which inhabited the present-day area of Guizhou, was annexed by the Han dynasty in 106 BC. Guizhou was formally made a province in 1413 during the Ming dynasty. After the overthrow of the Qing in 1911 and following the Chinese Civil War, the Chinese Communist Party took refuge in Guizhou during the Long March between 1934 and 1935. After the establishment of the People's Republic of China, Mao Zedong promoted the relocation of heavy industry into inland provinces such as Guizhou, to better protect them from potential foreign attacks.

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Heavy industry in the context of Larsen and Toubro

Larsen & Toubro Limited (L&T) is an Indian multinational conglomerate, with interests in industrial technology, heavy industry, engineering, construction, manufacturing, power, information technology, defence and financial services. It is headquartered in Mumbai, Maharashtra.

L&T was founded in 1938 in Bombay by Danish engineers Henning Holck-Larsen and Søren Kristian Toubro.

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Heavy industry in the context of Makiivka

Makiivka (Ukrainian: Макіївка, IPA: [mɐˈkijiu̯kɐ] , Russian: Макеевка, romanizedMakeyevka), formerly Dmytriivsk (Ukrainian: Дмитріївськ) until 1931, is an industrial city in Donetsk Oblast, eastern Ukraine, located 15 kilometers (9.3 mi) east from Donetsk. The two cities are practically a conurbation. It has a population of 338,968 (2022 estimate). It hosts the administration of Makiivka urban hromada.

Makiivka is a metallurgical and coal-mining centre of the Donets Basin, with heavy industry and coking plants supporting the local steel and coal industries. The city was captured by pro-Russian separatists in 2014 at the start of the war in Donbas and is currently occupied by Russia.

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Heavy industry in the context of Cebu

Cebu (/sɛˈb/ seb-OO; Cebuano: Sugbo), officially the Province of Cebu (Cebuano: Lalawigan sa Sugbo; Filipino: Lalawigan ng Cebu), is a province of the Philippines located in the Central Visayas (Region VII) region, and consists of a main island and 167 surrounding islands and islets. The coastal zone of Cebu is identified as a site of highest marine biodiversity importance in the Coral Triangle.

Its capital and largest city is Cebu City, nicknamed "the Queen (Catholic) City of the South" having the Second Cardinal, the oldest city and first capital of the Philippines, which is politically independent from the provincial government along with Mandaue and Lapu-Lapu City. The Cebu Metropolitan Area or Metro Cebu is the third largest metropolitan area in the Philippines (after Metro Manila and Metro Davao) with Cebu City as the main center of commerce, trade, education and industry in the Visayas as well as the regional center of Central Visayas. Being one of the most developed provinces in the Philippines, in a decade it has transformed into a global hub for business processing services, tourism, shipping, furniture-making, and heavy industry. Mactan–Cebu International Airport, located on Mactan Island, is the second busiest airport in the Philippines.

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