Heavy industry
Heavy industry is 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, and huge buildings); or complex or numerous processes. Because of those factors, heavy industry often involves higher capital intensity than light industry does, and it is also often more heavily cyclical in investment and employment.
Traditional examples from the mid-19th century through the early 20th included steelmaking, artillery production, locomotive erection, machine tool building, and the heavier types of mining. From the late 19th century through the mid-20th, as the chemical industry and electrical industry developed, they involved components of both heavy industry and light industry, which was soon also true for the automotive industry and the aircraft industry. Modern shipbuilding (since steel replaced wood) is considered heavy industry. In the post–World War II era, construction of large systems, such as skyscrapers, large dams, and large rockets, is also often classed as heavy industry.
Latest News for: Heavy industry
China's falling unemployment masks a lack of jobs for the young
Straits Times 21 Jun 2021Low Voltage (LV) and Medium Voltage (MV) Switchgear Market 2021-2027 Global Industry Analysis Covid-19 Impact
The Sentinel Newspaper 21 Jun 20214-Bottle Gas Service Carts Market to Witness Robust Expansion by 2027-Aerospecialties, Pilotjohn, Aviation Spares & ...
The Sentinel Newspaper 21 Jun 2021Steep Drop in Japan’s Nikkei 225 Drags Major Asia-Pacific Stock Indexes Lower
FX Empire 21 Jun 2021Korea seeks to win Czech nuclear power plant deal
Korea Times 20 Jun 2021‘From denial to delay’: a forehead-slapping week in Australian climate policy
The Observer 20 Jun 2021Smart City ICT Infrastructure Market 2021-2027 skyrocketed revenue with key players Cisco, ABB, IBM, Huawei, ...
The Sentinel Newspaper 20 Jun 2021Positive Displacement Motors (PDM) Market Growing Massively by 2021-2027 Major Players: Halliburton, Nabors Industries, Schlumberger Limited
The Sentinel Newspaper 20 Jun 2021- 1
- 2
- 3
- 4
- 5
- Next page »
