Changzhi Iron and Steel (Group) Co., Ltd.
Changzhi Iron and Steel (Group) Co., Ltd. (“Changzhi Iron and Steel”) is a leading integrated steel producer in China, with annual production capacity of almost 15 million tons of crude steel. It is one of the top ten largest steel producers in China. The company is based in Changzhi City, Shanxi Province, where it operates a modern steel plant with world-class facilities and infrastructure.
Changzhi Iron and Steel has a number of subsidiaries, including four listed companies and a number of other factories along the Shandong-Mongolia border. The listed companies are Changzhi Iron and Steel Co., Ltd., Hongpu (Changzhi) Leather Co., Ltd., Changzhi Coal Mining Co., Ltd., and Hanguang Cathode Technology Co., Ltd. The total assets of the group are estimated to exceed US$7 billion.
Changzhi Iron and Steel is actively pursuing overseas mergers and acquisitions, rendering it a more competitive player in the global steel market. In 2012, it established a joint venture with India’s Tata Steel in Indonesias East Semarang Industrial Park. This joint venture has enabled Changzhi Iron and Steel to boost its capacity for steel production, enhance its technological capabilities and gain access to the Indian market.
The company also places great emphasis on research and development to maintain its technological edge in the market. It has invested more than US$100 million in the development of new steel products, such as U. And S. steel, high-strength steel and special steels. Moreover, the company engages extensively in environmental protection and strives to develop low-carbon and green steel products.
Changzhi Iron and Steel adopts international best practices to ensure good corporate governance and financial transparency. For example, it discloses corporate information on a regular basis, including financial statements and production output. Moreover, it has its own internal audit team and complies with relevant laws and regulations.
In summary, Changzhi Iron and Steel (Group) Co., Ltd. is a leading integrated steel producer in China with comprehensive technological capabilities, advanced research and development capabilities, and an emphasis on corporate governance. It is well positioned to benefit from the growth in the global steel market and is a strong contender for future business expansion.
