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 Yan Xishan (; 8 October 1883 – 22 July 1960, ) was a Chinese warlord who served in the government of the Republic of China. He effectively controlled the province of Shanxi from the 1911 Xinhai Revolution to the 1949 Communist victory in ...

. In 1949 it was under control of the

Communist Party of China The Chinese Communist Party (CCP), officially the Communist Party of China (CPC), is the founding and sole ruling party of the People's Republic of China (PRC). Under the leadership of Mao Zedong, the CCP emerged victorious in the Chinese Civil ...

during

Chinese Civil War The Chinese Civil War was fought between the Kuomintang-led government of the Republic of China and forces of the Chinese Communist Party, continuing intermittently since 1 August 1927 until 7 December 1949 with a Communist victory on m ...

. 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 The Shenzhen Stock Exchange (SZSE; ) is a stock exchange based in the city of Shenzhen, in the People's Republic of China. It is one of three stock exchanges operating independently in Mainland China, the others being the Beijing Stock Excha ...

(""; ). In 2006, Taigang Group injected most steel manufacturing assets to the publicly traded subsidiary, except , in

Linfen Linfen is a prefecture-level city in the southwest of Shanxi province, China, bordering Shaanxi province to the west. It is situated along the banks of the Fen River. It has an area of and according to the 2020 Census, a population of 3,976,4 ...

, Shanxi and several subsidiaries.

Business divisions

Taiyuan Iron and Steel Group owned a hospital in Taiyuan, via a non wholly owned subsidiary. 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. The group's flagship subsidiary, Taigang Stainless Steel had two joint ventures with

Tianjin Pipe Corporation Tianjin Pipe (Group) Corporation Limited known as Tianjin Pipe () or its abbreviation TPCO, is the largest stemless steel pipe maker of China as well as one of the largest in the world. History The predecessor of Tianjin Pipe was founded on 11 D ...

(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. Stainless steel CN¥0.1 coins were made by Taigang Stainless Steel.

Equity investments

Taiyuan Iron and Steel Group was the second largest shareholder of listed securities firm, Shanxi Securities, for 9.99% stake (2018 data). From 2014 to 2016 the group had disinvest part of the stake they owned. Taiyuan Iron and Steel Group also owned 16.67% stake in

China Niobium Investment Holdings China, officially the People's Republic of China (PRC), is a country in East Asia. It is the world's most populous country, with a population exceeding 1.4 billion, slightly ahead of India. China spans the equivalent of five time zones and ...

, which the holding owned 15% stake of

Companhia Brasileira de Metalurgia e Mineração Companhia Brasileira de Metalurgia e Mineração (Portuguese for ''Brazilian Metallurgy and Mining Company''), or CBMM for short, is a Brazilian company that specializes in the processing and technology of niobium, extracted from its pyrochlore m ...

. Taiyuan Iron and Steel Group also owned 40% stake in CNMC Nickel, which owned a nickel mine in

Myanmar Myanmar, ; UK pronunciations: US pronunciations incl. . Note: Wikipedia's IPA conventions require indicating /r/ even in British English although only some British English speakers pronounce r at the end of syllables. As John C. Wells, Joh ...

Rankings

Taigang Stainless Steel was ranked the 1324th in 2019 ''Forbes'' Global 2000 list, a list for global top listed companies. , it was a constituent of

SZSE 200 Index SZSE 200 Index are indice of Shenzhen Stock Exchange. It consists of SZSE 200 Price Index () and SZSE 200 Return Index (), using the same constituents but different methodology. It was a sub-index of SZSE 300 Index, which consists of all constitue ...

(mid cap index). According to

World Steel Association World Steel Association, often abbreviated as worldsteel, is the international trade body for the iron and steel industry. The association is one of the largest and most dynamic industry associations in the world, with members in every major stee ...

(Chinese companies data was provided by

China Iron and Steel Association China Iron and Steel Association (CISA, ) is a national, non-profit organization founded in 1999 on the basis of China Metallurgical Enterprise Management Association. CISA members consist of China’s steel enterprises, institutions, societies and ...

), the corporation was ranked the 39th in 2018 the world ranking by production volume, for 10.70 million metric tons.

References

External links

*
Official website of Linfen Iron and Steel
{{Authority control Steel companies of China Companies based in Taiyuan Companies owned by the provincial government of China 1934 establishments in China 1996 establishments in China