Wugang Group
Wugang Group is one of China’s largest and most powerful steel conglomerates. It is a subsidiary of China Baowu Steel Group and is headquartered in the city of Wuhan. Founded in 1954, Wugang officially became China’s largest steelmaker in 2003. In the time since its founding, Wugang has established itself as one of the leading industrial groups in China.
Wugang Group is comprised of a number of affiliated businesses, including Wugang Steel, Wugang Mining, Wugang Machinery, Wugang Real Estate and Logistics, Wugang Automobile, Wugang Plant and Equipment, Wugang International Trading and Wugang Automotive Parts. These companies produce products ranging from steel, coal, heavy machinery and automotive parts to financial services and real estate investments.
The steel business is the core business of Wugang Group. As one of the largest steel companies in the world, Wugang produces steel in excess of 80 million metric tons each year. Its strengths include its high-end specialty steel products, stamping plates, and steel coils. In 2011, Wugang became a part of Baowu Steel Group, China’s largest steel company, by merging nine smaller state-owned steelmakers to expand its business.
Wugang Group’s ambition is to become a world-class steel manufacturer with the most advanced technology in the world. Thus far, it has pursued this ambition by increasing its investments in research and development, modernizing its production facilities, and focusing on creating higher value-added products. The Group has also expanded its capacity for providing high technological services and cutting-edge production capabilities.
In addition to its investments in steel, Wugang Group is also highly diversified. Its mining business is one of the major production units in Wuhan with a variety of minerals and coal products. Additionally, the group has a thriving automotive industry and produces a variety of automobile parts.
Wugang Group is truly dedicated to delivering its customers with top quality products and services. It has achieved a number of honors, including being chosen as the “Top 10 Enterprises in the Chinese Steel Industry” and being named one of the “Top 500 Manufacturing Enterprises” in China. In 2016, the Group was included on the Forbes Global 2000 list of the world’s most powerful public companies.
Wugang Group is one of China’s most successful and progressive industries. With its dedication to quality, innovation, and customer service, it is easy to see why Wugang Group is often considered to be one of the world’s most influential and powerful steel conglomerates.
