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Due to ongoing overcapacity within the steel sector, Jiangsu
Shagang Group purchased two internet data firms for $ 3.8 billion, as part of an attempt to expand into new industries for diversification. The June 2017 deal targets Jiangsu Qingfeng Investment Management Co. Ltd. and Beijing Daily Tech
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In 2016, the Group headed a consortium that acquired London-based international data center Global Switch
Holdings for £2.4 billion (HK$ 23.03 billion). The consortium bought a 49 percent stake in the company in order to expand Global Switch Holding's strategic infrastructure.
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The company processes some 18 million tons of iron annually in order to roll out about 23 million tons of steel each year, making it one of China's top-five steel producers. Jiangsu
Shagang's
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and zinc-plated steel sheets. Since 2006, the company has acquired four smaller, rival steel companies, and it now ranks as China's largest
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The company drew the world's attention in 2001 when it acquired a steel mill (the
Dortmund-Hörde plant) from German industrial giant
249:. At the end of 2007, it employs over 26,700 staff, covers an area of 10 km, and has total assets over RMB100 billion Yuan.
221:. According to a 2008 survey conducted by the All-China Federation of Industry and Commerce (ACFIC), the company was the largest
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Formerly "Jiangsu
Shagang Group Company Limited", it was established in 1975 with self-financing of only 450,000
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for 30 million euros and shipped its equipment to China where it was reassembled and resumed operation.
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395:"Steel-Maker Shagang Changes Tack With Internet Acquisitions - Caixin Global"
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and renamed it into
Huaigang Special Steel in 2006. The stake floated on the
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in 2010. In 2015 Shagang Group sold most of the stake in
Shagang Company.
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368:"Chinese group pays £2.4bn for stake in data centre Global Switch"
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307:. In addition to iron and steel, Jiangsu Shagang produces
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259:Shagang Group acquired the controlling stake in
131:47,072,200,000 United States dollar (2021)
150:2,273,500,000 United States dollar (2021)
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734:Manufacturing companies established in 1975
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117:Chairman Emeritus: The late Shen Wenrong
724:Manufacturing companies based in Suzhou
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225:in China at the time. It involves the
217:, an Economic Development Zone of the
20:Jiangsu Shagang Group Company Limited
749:Chinese companies established in 1975
526:Xinjiang Ba Yi Iron & Steel Group
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325:Jiangsu Shagang Group Company Limited
191:Jiangsu Shagang Group Company Limited
183:Jiangsu Shagang Group Company Limited
509:Wuhan Iron and Steel Company Limited
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354:Kynge: China shakes the world (2006)
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625:Panzhihua New Steel and Vanadium
556:Chongqing Iron and Steel Company
516:Wuhan Iron and Steel Corporation
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662:Shougang Concord International
615:Nanjing Iron and Steel Company
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1:
642:Shandong Iron and Steel Group
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754:1975 establishments in China
669:Taiyuan Iron and Steel Group
657:Tonghua Iron and Steel Group
344:History of the Shagang Group
16:Major Chinese steel producer
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61:; 49 years ago
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123:Former President: Liu Jian
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537:Maanshan Iron & Steel
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739:Steel companies of China
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620:Panzhihua Iron and Steel
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453:Steel companies of China
372:South China Morning Post
673:Taigang Stainless Steel
521:Shaoguan Iron and Steel
265:Shenzhen Stock Exchange
223:privately owned company
40:Privately owned company
687:Tiangong International
635:Huaigang Special Steel
573:Fengbao Iron and Steel
504:Meishan Iron and Steel
676:Linfen Iron and Steel
561:Dongbei Special Steel
195:Jiangsu Shagang Group
121:President:Gong Sheng
578:Fushun Special Steel
566:Beiman Special Steel
487:Angang Steel Company
399:www.caixinglobal.com
167:45,398 (2021)
163:Number of employees
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464:Companies of China
119:Chariman: Shen Bin
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551:Benxi Steel Group
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402:. Retrieved
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375:. Retrieved
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289:product line
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254:ThyssenKrupp
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207:Zhangjiagang
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79:Zhangjiagang
74:Headquarters
36:Company type
101:Area served
718:Categories
404:2017-07-04
377:2017-07-04
331:References
235:brand name
227:production
145:Net income
113:Key people
22:江苏沙钢集团有限公司
297:wire rods
291:includes
279:Co. Ltd.
704:Category
588:Hansteel
283:Business
261:Huaigang
247:Renminbi
203:Shasteel
46:Industry
313:private
241:History
211:Jiangsu
179:Website
128:Revenue
87:Jiangsu
64: (
56:Founded
533:(51%)
303:, and
83:Suzhou
301:slabs
293:rebar
231:sales
215:China
106:China
93:China
50:Steel
229:and
66:1975
59:1975
267:as
201:or
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81:(
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Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.
