Taiyuan Iron and Steel Group
Taigang Group
FormerlyTaiyuan Iron & Steel Corporation
Company typestate-owned enterprise
IndustryConglomerate
Founded
  • 1934
  • 1996 (1996) (as limited company)
Headquarters
Taiyuan
,
China
Area served
China, exported worldwide
Products
  • Steel
  • iron ore
  • coke
  • real estate
ServicesMedical service
RevenueDecrease CN¥90.835 billion (2015)
Decrease (CN¥5.139 billion) (2015)
Decrease (CN¥3.357 billion) (2015)
Total assetsDecrease CN¥125.827 billion (2015)
Total equityDecrease CN¥28.875 billion (2015)
OwnerShanxi Government [zh] (100%)
ParentShanxi SASAC [zh]
Subsidiaries
  • Taigang Stainless Steel (63.49%)
  • Linfen Iron & Steel (59.85%)
Chinese name
Simplified Chinese太原钢铁（集团）有限公司
Traditional Chinese太原鋼鐵（集團）有限公司
Taigang Group
Simplified Chinese太钢集团
Traditional Chinese太鋼集團
Literal meaningTaisteel Group
Website　www.tisco.com.cn
Footnotes / references
in a consolidated basis; equity and profit excluded minority interests; in Chinese Accounting Standards[1]

Taiyuan Iron and Steel (Group) Co., Ltd. formerly Taiyuan Iron & Steel Corporation (TISCO), also known as Taigang Group is a Chinese steel maker based in Taiyuan, Shanxi Province.

The company was the parent of Taigang Stainless Steel Co., Ltd., a listed steel manufacturer and Linfen Iron and Steel, an unlisted steel manufacturer respectively. The unlisted portion of the group, also consisted of a real estate company and a hospital.

History

The predecessor of Taiyuan steel plant was founded in 1934, in the Warlord Era by Yan Xishan. In 1949 it was under control of the Chinese Communist Party during Chinese Civil War.[citation needed]

In 1996 it was incorporated as "Taiyuan Iron and Steel (Group) Co., Ltd.". In 1998, a subsidiary was incorporated and listed on Shenzhen Stock Exchange ("Shanxi Taigang Stainless Steel Co., Ltd. [zh]"; SZSE: 000825).[2]

In 2006, Taigang Group injected most steel manufacturing assets to the publicly traded subsidiary,[3] except Linfen Iron and Steel [zh], in Linfen, Shanxi and several subsidiaries.

Business divisions

Taiyuan Iron and Steel Group owned a hospital in Taiyuan, via a non wholly owned subsidiary.[4][5] The group also involved in real estate development which developed a number of neighbourhoods in Taiyuan. Some of them were allocated to the staff of the group.[6][7]

The group's flagship subsidiary, Taigang Stainless Steel had two joint ventures with Tianjin Pipe Corporation (TPCO): "Tianjin TISCO & TPCO Stainless Steel" in a 65–35 ratio (TPCO held the stake via a non wholly owned subsidiary), as well as "Tianjin TPCO & TISCO Welding Pipe" in a 50–50 ratio respectively.[citation needed]

Stainless steel CN¥0.1 coins were made by Taigang Stainless Steel.[citation needed]

Equity investments

Taiyuan Iron and Steel Group was the second largest shareholder of listed securities firm, Shanxi Securities, for 9.99% stake (2018 data[8]). From 2014 to 2016 the group had disinvest part of the stake they owned.[9]

Taiyuan Iron and Steel Group also owned 16.67% stake in China Niobium Investment Holdings, which the holding owned 15% stake of Companhia Brasileira de Metalurgia e Mineração.[citation needed]

Taiyuan Iron and Steel Group also owned 40% stake in CNMC Nickel, which owned a nickel mine in Myanmar.[citation needed]

Rankings

Taigang Stainless Steel was ranked the 1324th in 2019 Forbes Global 2000 list, a list for global top listed companies.[10] As of 4 July 2017, it was a constituent of SZSE 200 Index (mid cap index).[11]

According to World Steel Association (Chinese companies data was provided by China Iron and Steel Association), the corporation was ranked the 39th in 2018 the world ranking by production volume, for 10.70 million metric tons.[12]

References

  1. ^ "2015 Annual Report" (in Chinese). Taiyuan Iron and Steel Group. 30 April 2016. Retrieved 27 November 2016 – via Shanghai Clearing House.
  2. ^ 招股说明书概要 (Prospectus) (in Chinese (China)). Taigang Stainless Steel. 21 May 1998. Retrieved 29 September 2019 – via jrj.com.cn.
  3. ^ "历史沿革" [History] (in Chinese). Taiyuan Iron and Steel Group. Retrieved 27 November 2016.
  4. ^ 医疗卫生 (in Chinese (China)). Taiyuan Iron and Steel Group. Retrieved 16 August 2018.
  5. ^ 张莫; 向家莹 (15 January 2018). 中国人寿探索“保险+健康”模式. 经济参考报 [Economic Information Daily] (in Chinese (China)). Beijing. Retrieved 28 September 2019.
  6. ^ 房地产开发 (in Chinese (China)). Taiyuan Iron and Steel Group. Retrieved 17 August 2018.
  7. ^ "太钢2418户职工将迁新居". sxrb.com (in Chinese (China)). 3 July 2012. Retrieved 17 August 2018.[dead link] Alt URL
  8. ^ 2018年年度报告 [2018 Annual Report] (PDF) (Report) (in Chinese (China)). Shanxi Securities. 23 April 2019. Retrieved 28 September 2019 – via cninfo.com.cn.
  9. ^ 贾丽娟 (12 October 2016). 二股东刚减持山西证券 三股东也要加入. 每日经济新闻 [National Business Daily] (in Chinese (China)). Retrieved 28 September 2019.
  10. ^ "Shanxi Taigang Stainless on the Forbes Global 2000 List". Forbes. Retrieved 28 September 2019.
  11. ^ 指数样本 [Constituents] (Microsoft Excel) (in Chinese (China)). Shenzhen Securities Information. 4 July 2017. Archived from the original on 1 November 2017. Retrieved 1 November 2017.
  12. ^ "Top steel-producing companies 2018". World Steel Association. Retrieved 28 September 2019. For Chinese companies, the official CISA tonnage publication was used.

External links

Steel companies of China
Authority control databases
Categories