Tianjin Pipe Corporation
 | |
| Formerly | |
|---|---|
| Company type | State-owned enterprise |
| Industry | Manufacturing |
| Founded | 11 December 1987 |
| Headquarters | Tianjin , China |
| Products | stemless steel pipes |
| Revenue |  CN¥24.5 billion (2015) |
| CN¥60.6 million (2015) | |
| (CN¥21.7 million) (2015) | |
| Total assets |  CN¥56.3 billion (2015) |
| Total equity | CN¥7.6 billion (2015) |
| Owner | see list |
| Parent | Tianjin Government |
| Subsidiaries | see list |
| Website | tpco.com.cn |
| Footnotes / references in a consolidated basis[1] | |
| Tianjin Pipe (Group) Corporation Ltd. | |||||||
|---|---|---|---|---|---|---|---|
| Simplified Chinese | 天津钢管集团股份有限公司 | ||||||
| Traditional Chinese | 天津鋼管集團股份有限公司 | ||||||
| Literal meaning | Tianjin Steel Pipe Group Joint-Stock Limited Company | ||||||
| |||||||
| Tianjin Pipe | |||||||
| Simplified Chinese | 天津钢管 | ||||||
| Traditional Chinese | 天津鋼管 | ||||||
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| Second alternative Chinese name | |||||||
| Simplified Chinese | 天管 | ||||||
| Traditional Chinese | 天管 | ||||||
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Tianjin Pipe (Group) Corporation Ltd. (TPCO) known as Tianjin Pipe (Chinese: 天津钢管) is the largest stemless steel pipe maker of China as well as one of the largest in the world.
History
Tianjin Pipe was founded on 11 December 1987 (as Chinese: 天津无缝钢管总厂; lit. 'Tianjin Stemless Steel Pipe "Head" Factory'), was one of the project in the Eighth Five-Year Plan of China. In 1999 the corporation (Chinese: 天津钢管集团有限责任公司; lit. 'Tianjin Steel Pipe Group Limited Liability Corporation') fall under control by the Ministry of Finance of the People's Republic of China due to debt-to-equity swap, which the four state-owned asset management companies or bad banks, Huarong, Cinda, Great Wall and Orient Asset Management owned 100℅ stake. In 2003, 90% stake of TPCO was transferred to Tianjin Pipe Investment Holding (Chinese: 天津钢管投资控股有限公司), a company that was supervised by the Economic Commission (Chinese: 天津市经济委员会) of the Tianjin Government. In 2004, 57% stake of TPCO was transferred from Tianjin Pipe Investment Holding to TEDA Holding (Chinese: 天津泰达投资控股有限公司), a company that was supervised by the State-owned Assets Supervision and Administration Commission (SASAC) of Tianjin Government. In 2006 TPCO became a joint-stock company with limited liabilities (Chinese: 天津钢管集团股份有限公司). In 2007 Bohai Industrial Investment Fund (Chinese: 渤海产业投资基金) acquired a minority stake of TPCO from Tianjin Pipe Investment Holding. In 2010 Tianjin Pipe Investment Holding became a subsidiary of Bohai Steel Group (Chinese: 渤海钢铁集团有限公司), another Tianjin SASAC supervising entity. In April 2016, due to the dissolution of Bohai Steel Group, the shares of Tianjin Pipe Investment Holding was transferred to Bohai State-owned Assets Administration Co., Ltd (Chinese: 天津渤海国有资产经营管理有限公司), a wholly owned subsidiary of Tianjin Jinlian Investment Holding (Chinese: 天津津联投资控股有限公司), another state-owned enterprise that was supervised by Tianjin SASAC.[2]
TPCO had one of the largest Chinese industrial investment in the United States. TPCO America had a share capital of US$298,610,935.84, build a new plant located in Gregory, Texas.[3]
Subsidiaries
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Joint Venture
Tianjin Pipe Corporation formed a joint venture (Chinese: 江苏天淮钢管有限公司) with Huaigang Special Steel. TPCO owned 60% stake. Huaigang sold the stake to a third part in 2015. Tianjin Pipe Corporation also formed two joint ventures Tianjin TISCO & TPCO Stainless Steel (Chinese: 天津太钢天管不锈钢) and Tianjin TPCO & TISCO Welding Pipe (Chinese: 天津天管太钢焊管) with Taigang Stainless Steel in a 35–65 ratio (via a subsidiary (Chinese: 天津大无缝投资)) and 50-50 ratio respectively.
Shareholders
- As of 21 April 2016
- State-owned Assets Supervision and Administration Commission of Tianjin Government (84.27%)
- via wholly owned subsidiary TEDA Holding (57.00%)
- via wholly owned subsidiary Tianjin Bohai State-owned Assets Administration (27.27%)
- a consortium of the Ministry of Finance of the People's Republic of China (10%)
- China Cinda Asset Management (6.11%)
- China Orient Asset Management (3.03%)
- China Great Wall Asset Management (0.43%)
- China Huarong Asset Management (0.43%)
- Bohai Industrial Investment Fund (5.73%)
See also
- Tianjin Pipe Corporation Station, metro station
References
- ^ "2015 Annual Report". Tianjin Pipe (in Chinese). Shanghai Clearing House. 9 May 2016. Retrieved 15 October 2016.
- ^ "天津钢管集团股份有限公司关于从渤海钢铁集团有限公司拆分及公司第二大股东股权变更的公告". Tianjin Pipe (Group) Corporation (in Chinese). Shanghai Clearing House. 21 April 2016. Retrieved 15 October 2016.
- ^ "Delegation heads to China to promote Coastal Bend". Corpus Christi Caller-Times. 20 July 2016. Retrieved 15 October 2016.
