Shougang Corporation

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Shougang Group
State-owned enterprise
Industry Manufacturing Misc Durable Goods
Founded 1919
Founder 龙烟铁矿
Headquarters Beijing, People's Republic of China
Area served
People's Republic of China
Key people
Chairman and party secretary: Mr. Zhu Jimin
Subsidiaries Beijing Shougang Company Limited
Website Shougang Group
Beijing Shougang Steel Company Limited
State-owned enterprise
Industry Steel manufacturing
Founded 1999
Headquarters Beijing, People's Republic of China
Area served
People's Republic of China
Key people
Chairman: Mr. Zhu Jimin
Parent Shougang Company Limited
Website Beijing Shougang Company Limited

Shougang (Chinese: 首钢, short for Shougang Group 首钢集团 or Shougang Company Limited 首钢总公司) is one of China's largest steel companies. Based in Beijing municipality, its operations have been moved out of the city prior to the Olympics due to concerns over pollution.[1]

Its subsidiary and listed company, Beijing Shougang Company Limited (SZSE: 000959), was established in 1999 and listed on the Shenzhen Stock Exchange in 2005. It also has 4 other subsidiaries listed on the Hong Kong Stock Exchange, Shougang Concord International (SEHK697), Shougang Concord Century (SEHK103), Shougang Concord Grand (SEHK730) and Shougang Concord Technology (SEHK521).[2]

Company History[edit]

Shougang was founded in 1919, with accelerated growth since the founding of People's Republic of China. As China reformed and opened itself to the outside world, as one of the core corporations in China, Shougang developed itself as well. 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.

Although the corporation is facing more and more challenges as time goes by, the company made several big changes in order to solve the competition problems. It changed its organization chart and improved its products and services and provided itself a sustainable competitive advantage compares to other companies in steel industry.

Shougang Corporation made significant contribution to Chinese economy and steel industry development. It paid accumulate more than 57,600,000,000 yuan for Chinese taxes.

Products and Services[edit]

Shougang finished applications for 52 patents and get national authority patents. The company is good developing superior products. Their products are dominated almost one thirds of Chinese market within steeling industry.

Shougang provides other services include technology consulting involved mining, architecture, real estate, city council and environment. In addition, the company designs for engineering projects, supervising and provides relevant equipment.

Shougang has more than fifty years experience in building and construction industry. The company specializes in steel structure installation, industrial equipment inspection, concrete-made products sales services. The company also provides rental for equipment, construction materials development and sales. Shougang is rewarded for fourteen Chinese national awards for high-quality construction projects.

Foreign operations[edit]

The company, operating in Peru as Shougang Hierro Peru operates the Marcona Mine in the Marcona District, an open-pit iron mine acquired in 1992. There have been continuing labor troubles. The mine is on the Pacific coast of southern Peru.[3][4]

External links[edit]