Shougang Group
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Shougang Group Co., Ltd., formerly Shougang Corporation , commonly known as "Shougang Group" is a Chinese state-owned steel company headquartered in Shijingshan District, Beijing, China. [1]
History
The predecessor of Shougang, Shijingshan Steel Plant, was founded in 1919 in Shijingshan District, with accelerated growth since the founding of People's Republic of China.[2] Shougang focuses its business mainly on steel industry, the corporation also runs on mining, machinery and equipment development, electronics, building, real estate, and related services, in addition, they also developed business with overseas companies in order to form Shougang as a leading multi-diverse corporation.[2]
At the end of December 2010, the Shougang old factory completed the last furnace of molten iron and announced the suspension of production. After Shougang moved operations (and the physical blast furnaces) to Caofeidian, the old factory area left 8.63 square kilometers of development space. On July 31, 2015, when the International Olympic Committee announced that Beijing would be the venue for the 2022 Winter Olympics and Winter Paralympics, the old idle factory area of Shougang ushered in another opportunity.[3]
Climate Commitments
Subsidiaries
The following companies are fully or partially owned/operated under Shougang Group Corp., Ltd.
- Steel plants
- Beijing Shougang Co., Ltd.
- Shougang Shuicheng Iron and Steel (Group) Co., Ltd.
- Shougang Guiyang Special Steel Co., Ltd.
- Tonggang Group Co., Ltd.
- Shougang Changzhi Iron and Steel Co., Ltd.
Its subsidiary and listed company, Beijing Shougang Co., Ltd., was established in 1999 and listed on the Shenzhen Stock Exchange in 2005. It also has 3 other subsidiaries listed on the Stock Exchange of Hong Kong, Shougang Concord International, Shougang Concord Century, and Shougang Concord Grand.[4]
Foreign operations
The company has current operations in the pacific coast of Southern Peru and is known as Shougang Hierro Peru. It operates the Marcona Mine in the Marcona District, an open-pit iron mine acquired in 1992. There have been continuing labor troubles.[5]
References
- ↑ Beijing steel plant to relocate, China Economic Review, Feb. 10, 2005
- ↑ 2.0 2.1 About Us, Shougang, Retrieved on: Feb. 21, 2020
- ↑ 百年首钢 百炼成钢——从钢铁强国“梦工厂”到改革转型“排头兵”，新华社，September 6, 2019
- ↑ Shougang Holding (Hong Kong, Shougang, Retrieved on: Feb. 21, 2020
- ↑ Tensions Over Chinese Mining Venture in Peru, New York Times, Simon Romero, Aug. 14, 2010
External links
Wikipedia also has an article on Shougang (Shougang Group). This article may use content from the Wikipedia article under the terms of the Creative Commons Attribution-ShareAlike 3.0 Unported License].
