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
Machinery sector sees momentum
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People Daily 19 Jul 20192nd LD Writethru: S.Korean man dies after setting fire to car near Japanese embassy
China.dot.org 19 Jul 2019Nordea: Another Potential Policy Realignment Makes This Stock A 'Hold'
Seeking Alpha 19 Jul 2019Japan summons SKorean envoy to protest wartime labor dispute
San Francisco Chronicle 19 Jul 2019I-Team: Family Calls For New Safety Regulations After Girl Suffers Brain Injury On Carnival Ride
CBS Sports 19 Jul 2019Assam tea output may drop 8% on rain, floods
The Times of India 18 Jul 2019Senate committee to be briefed on CPEC documents shared with IMF
Dawn 18 Jul 2019- 1
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