新闻资讯
新闻资讯

Breaking news! The Shandong steel industry is making significant moves again, as three major giants have established the Linyi Binhai Steel Group, with a registered capital of up to 10 billion!

Time

2020-08-25 13:28

Source:

Breaking news! The Shandong steel industry is making significant moves again, as three major giants have established the Linyi Binhai Steel Group, with a registered capital of up to 10 billion!
Breaking news! The Shandong steel industry is making significant moves again, as three major giants have established the Linyi Binhai Steel Group, with a registered capital of up to 10 billion!

Breaking news! The Shandong steel industry has made a significant move, with three major giants establishing the Linyi Binhai Steel Group, with a registered capital of up to 10 billion!

Mining Exchange   Yesterday
Last Friday, China Baowu restructured Taiyuan Iron and Steel Group to achieve "Billion-ton Baowu"!! It seems that the integration of the steel industry in Shandong Province has also begun to take action! Recently, I found information from Tianyancha showing that a company named Linyi Binhai Steel Group Co., Ltd. was registered and established last month, with a registered capital of up to 10 billion yuan. (The registered capital of the steel giant China Baowu Steel Group is only 52.8 billion yuan).

From Linyi Binhai Steel GroupCo., Ltd.'s equity structure, it can be seen that Linyi Steel Investment Group Co., Ltd. holds 40% of the shares, Shandong Xinhai Technology Co., Ltd. holds 30%, and Shandong Steel Group Yongfeng Lingang Co., Ltd. holds 30%.

Among the main management members, Li Qingdao, a member of the Party Committee and Deputy General Manager of Linyi Investment Development Group Co., Ltd.serves as the chairman of Linyi Binhai Steel Group Co., Ltd., He Zhongyu, the general manager of Shandong Xinhai Technology Co., Ltd.serves as a director and general manager, Wang Jun, the deputy general manager of Shandong Steel Group Yongfeng Lingang Co., Ltd.and others serve as directors and supervisors.

Linyi Investment Development Groupis the earliest investment and financing platform established by the Linyi municipal government, a municipal capital operation institution, originally known as the "Linyi Regional Investment Company" (October 1992) and "Linyi City Investment Company" (December 1994). It was originally classified as a county-level public institution, under the Linyi Municipal Development and Reform Commission (formerly the Linyi Municipal Planning Commission). In May 2002, it was approved by the municipal government to be restructured and renamed "Linyi Investment Development Co., Ltd.", a wholly state-owned company and a municipal-managed enterprise. After the establishment of the municipal state-owned assets supervision and administration commission in February 2005, it was placed under its supervision. In September 2019, it was approved by the municipal state-owned assets supervision and administration commission to form the Linyi Investment Development Group. The group company has a registered capital of 526 million yuan, and as of the end of August 2019, its total assets reached 26.7 billion yuan, with a net asset of 10.7 billion yuan. From January to December, it achieved a cumulative main business income of 1.7 billion yuan, tax revenue of 190 million yuan, and a profit of 140 million yuan. According to the unified deployment of the municipal government, the group company, as the investment and financing entity, undertakes the high-end stainless steel and advanced special steel base project and steel city construction, investing 1 billion yuan to form Linyi Steel Investment Group Co., Ltd. with Juxian County Investment Management Co., Ltd. and Linyi Lingang Industrial Asset Operation Management Co., Ltd. as the operating platform for the steel industry cluster. The high-end stainless steel and advanced special steel base project covers an area of 12 square kilometers, with a total planned investment of about 69 billion yuan. Once completed, Linyi's steel industry will develop into a nationally renowned trillion-level modern steel enterprise consortium.

 

Shandong Xinhai Technology Co., Ltd.is located in the economic development zone of Juxian County, Linyi City, Shandong Province, covering an area of 1,100 acres, with a registered capital of 300 million yuan and total assets of 6 billion yuan, currently employing more than 5,000 people. The company mainly engages in the production and sales of high-nickel alloys and the extension of the upstream and downstream industrial chain.Currently, the company is involved in six major industries: metallurgy, chemicals, energy, finance, logistics, and warehousing.The company has formed an annual production capacity of 1.8 million tons of high-nickel alloys, 50,000 tons of glycine, and 6 billion kilowatt-hours of electricity, with high-nickel alloy products accounting for 30% of the national market share. 


The company actively responds to the national call to encourage Chinese enterprises to develop overseas nickel resources, utilizing the abundant electricity resources of Juxian County's economic development zone and its proximity to the coast to import rich foreign laterite nickel ore resources, smelting high-quality nickel alloys, and developing a new process stainless steel industrial chain. The company produces 1.8 million tons of high-quality nickel alloys (Ni>10%) annually, ranking among the top in the country. This project meets the national requirements for developing a circular economy, energy conservation, emission reduction, and clean production, using currently very mature international production processes (RKEF process), with environmental protection equipment investment reaching 150 million yuan, providing good economic and social benefits.

Shandong Steel Group Yongfeng Lingang Co., Ltd.This project has a total investment of 28 billion yuan, mainly constructing special steel and supporting projects. The project aims to build an efficient, circular, environmentally friendly, and intelligent benchmark park, as well as a nationally influential standard parts distribution center. The project adopts world-leading intelligent smelting processes and advanced equipment, mainly producing special steel long products and standard parts products for automobiles, machinery, hardware, molds, etc. The production process is energy-saving and environmentally friendly, with waste heat, residual energy, residual gas, residual materials, and waste slag being comprehensively utilized, achieving "multi-energy coupling," "multi-energy complementarity," and "maximizing utilization," and can solve the surrounding cities' centralized sewage treatment, urban waste comprehensive management, and winter heating issues. Once the project is fully completed and put into production, it can achieve an annual output value of 50 billion yuan and tax revenue of 3 billion yuan.

Prev

Training site

Next

Strive to be a leader in ecological mining.

RELATED INFORMATION

Maxus Mining acquires antimony and tungsten projects in British Columbia

Maxus Mining announced Thursday it has entered an option agreement to acquire a 100% interest in one tungsten and three antimony exploration properties in British Columbia covering more than 4,100 hectares

Lundin targets top-ten copper miner status in bold expansion plan

Canada’s Lundin Mining has unveiled a strategic growth plan designed to catapult the company to the status of the world’s top ten copper producers.

SolGold to start mining copper from Cascabel in early 2028

SolGold is fast-tracking the development of its flagship Cascabel copper-gold project in northern Ecuador, with first production now expected in 2028, three to four years ahead of its original schedule

Teck approves $2.4B expansion of Highland Valley Copper

Teck Resources’  board has approved a C$2.1–C$2.4 billion ($1.6 -$1.8 bn) project to extend the life of its Highland Valley Copper Mine (HVC) in British Columbia, securing operations at Canada’s largest copper mine into the mid-2040s.

Ariana Resources nears production at Tavsan gold mine

Ariana Resources soared after the Australian gold developer announced the imminent start of production at the Tavsan gold mine in Türkiye .

Northern Minerals expands mining leases at Browns Range

Heavy rare earths company Northern Minerals has been granted a new mining lease that more than doubles the tenure area at its Browns Range project, in Western Australia’s East Kimberley.