Introduction
Hangang Group is one of China’s leading industrial enterprises and an important pillar of the national economy. Since its establishment in 1958, it has grown from a small state-owned enterprise to a large transnational industrial group. It has eight subsidiaries and six R&D centers, 11 wholly-owned subsidiaries, five listed companies, and provides employment for more than 100,000 people.
The Group’s core business covers metallurgy, energy, construction, chemical, engineering and service industry, and investment in finance, real estate, hotel and entertainment. The Group is at the forefront of the industry to vigorously promote advanced technologies such as intelligent mobile unmanned systems, energy Internet, blockchain and Internet of Things, and has established a number of international industry leaders with advanced technology and excellent products.
Hangang Group is committed to developing high-end products and advanced technology. It has established strategic partnerships with many well-known domestic and foreign industrial giants, successively acquired a group of advanced technology, established joint laboratories with China National Heavy Duty Truck Group, Dongfeng Automobile Group and other well-known enterprises, and cooperated with the country’s leading universities and research institutes.
History
Hangang Group was founded in 1958. In 1982, the Group officially set up the Hangang BIAXI Steel Plant, transitioning from a state-owned enterprise to a state-owned enterprise, and began to develop rapidly. In the following year, the Group set up the Hangang Research Institute. In 1992, Hangang Steel Co., Ltd. was established. At the same time, the Group actively explored the development a of new business model and established the Hangang Construction Co., Ltd. The Group gradually built up the medical, service and finance industries, and established the Hangang Finance Co., Ltd. and Hangang Hotels and Leisure Co., Ltd.
In 1998, the Groups output exceeded 10 million tons and was chosen as one of the National Heavy Engineering Bases. In 2004, the Group established the “Hangang Heavy Industry Plant Construction Engineering Co., Ltd.”, which set up a foothold for the Group for entering the industry of special equipment manufacturing. In 2005, the Group became a national renowned enterprise, and launched its first green environmental project. In 2008, the construction project for an environmental protection special equipment research and development center in the Group was completed successfully.
In the past few decades, the Group has accumulated a wealth of experience in the steel industry and the construction industry, with a large number of high-tech projects, and gained its advantages in science, technology, capital and talents. The Group has been awarded a number of honorary titles such as “National Labor Award”, “Provincial Customer Service Model”, “Model Province Quality Project”, “Top 100 Enterprises in China” and “China Packaging Outstanding Contribution Award”.
Business Sectors
Hangang Groups main business revolves around steel, energy, construction, chemical, engineering and service industry. The Group is involved in the production and processing of high quality steel; the development of major hydroelectric, thermal and nuclear power projects; the construction of a full range of civil engineering projects; and the production and supply of fine chemicals, high tech specialty materials and special equipment. As a leader in the steel industry, the Group is able to provide the high quality of steel products that its customers need.
Through its energy projects, the Group is able to provide its customers with reliable power resources, thus ensuring the safe and uninterrupted flow of electricity in their businesses. The Group also offers innovative engineering services, including research, design and development of engineering projects as well as systematic engineering project management services.
In addition, the Group provides services such as urban pipeline engineering and city gas engineering, as well as high-end consulting services in areas such as finance, economics and other industries. The Group also invests in finance, real estate, and hotel and entertainment, covering a wide range of businesses
Conclusion
Over the years, Hangang Group has become an important pillar of the national economy, and its business has been developed rapidly. The Group is committed to providing high-quality products and advanced technology, and actively exploring new business models to continuously improve its competitive edge. Going forward, Hangang Group will keep on working to develop high-tech, high-value-added products, and maintain its leading position in the industry.
