The major characteristic of the Heavy Industry is, quite predictably, its heaviness, the heaviness of its products, equipment, facilities, machine tools, and buildings. The most obvious sign telling you that you are witnessing the working of the Heavy Industry is the operation of such heavy-duty vehicles as the ones that execute construction tasks: heavy machines, heavy trucks, and construction and engineering equipment. The Heavy Industry is called “heavy” also because items produced by it used to be products such as coal, iron, and oil. And lastly, the industry is referred to as “heavy” because it exerts heavy, damaging influence upon the environment, often causing pollution and deforestation.
Processes involved in the Heavy Industry are highly complex. The Heavy Sector is also business-oriented and makes products for other industries rather than for end users as does, say, the Light Industry. It is thus a part of the supply chain of products; in other words, it is a part of a network between a company and its suppliers, one of the steps taken to bring products to the customer. Therefore, the Heavy Industry highly benefits from the economic growth: when economy improves, stocks in the Heavy Sector immediately climb. Because equipment used in the Transportation, Construction, Miming, and Petroleum Industries, all of which are grouped under the Heavy Industry, is large and heavy, the Sector demands large financial investments. This Industry is also rather cyclical in investment.
Industries that are usually combined under the name of Heavy Industry are the following:
- Automobile;
- Aircraft;
- Construction;
- Transportation;
- Manufacturing;
- Steelmaking;
- Artillery production;
- Locomotive erection;
- Mining;
- Machine tool building;
- Ship building;
- Chemical;
- Electrical.