Tsingshan Holding Group
 | |
| Company type | Private |
|---|---|
| Industry | stainless steel, nickel |
| Founded | 1988 |
| Founders | Xiang Guangda |
| Headquarters | , |
Area served | Worldwide |
Key people | Xiang Guangda (CEO) |
| Revenue | US$28 billion[1] (2018) |
Number of employees | 56,000 (2018) |
| Website | tssgroup |
| Tsingshan Holding Group | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| Traditional Chinese | 青山控股集團有限公司 | ||||||||
| Simplified Chinese | 青山控股集团有限公司 | ||||||||
| Literal meaning | Green Mountain Holdings Group Company Limited | ||||||||
| |||||||||
The Tsingshan Holdings Group (Chinese: 青山控股, ching-shan) is a Chinese private company active in the stainless steel and nickel industry.
Tsingshan Holdings was founded in 1988 by Xiang Guangda in Wenzhou.[2] It moved into the Indonesian nickel industry in 2009.[3]
Among its assets are:
- Bases for nickel-chromium alloy smelting, stainless steel smelting and steel rolling in Lishui, Fuyang, Yangjiang and Qingyuan
- A nickel mining base in Morowali Regency, Sulawesi, part of the Belt and Road Initiative[4]
- Chrome ore mines in Zimbabwe
- Sales outlets in Foshan, Wenzhou, Shanghai and Wuxi[5]
Tsingshan was ranked 279th in the Fortune Global 500 for 2021.[6] It has been described as the world's largest nickel producer.[7]
In early 2022, Tsingshan experienced financial difficulty after shorting the price of nickel, only to see it rise.[8][9][10]
References
- ^ "Xiang Guangda". Forbes.
- ^ "Meet the nickel king of China, who froze a 145-year-old metals exchange". Fortune.
- ^ Menon, Praveen; Zhang, Min; Nangoy, Fransiska (March 14, 2022). "Chinese tycoon's 'big short' on nickel trips up Tsingshan's miracle growth" – via www.reuters.com.
- ^ 21世纪海上丝绸之路与全球海洋支点对接研究：中国福建、印度尼西亚调研报告 Study on "21st Century Maritime Silk Road" Docking with "Global Maritime Fulcrum"：Research Report about Fujian Province of China and Indonesia. Beijing Book Co. Inc. May 1, 2017. ISBN 9787520303897 – via Google Books.
- ^ Li, Xinchuang (July 3, 2020). The Road Map of China's Steel Industry: Reduction, Innovation and Transformation. Springer Nature. ISBN 9789811520747 – via Google Books.
- ^ "Tsingshan Industrial has entered the world's top 500 for three consecutive years, rising to the 279th". Tsingshan Holding Group. 2 August 2021.
- ^ "Chinese nickel giant Tsingshan said to have sufficient inventory for delivery". South China Morning Post. March 10, 2022.
- ^ FUND, INTERNATIONAL MONETARY; Department, International Monetary Fund Monetary and Capital Markets (April 19, 2022). Global Financial Stability Report, April 2022: Shockwaves from the War in Ukraine Test the Financial System's Resilience. International Monetary Fund. ISBN 9798400205293 – via Google Books.
- ^ "Beijing weighs nickel rescue deal for billionaire owner of Tsingshan". March 11, 2022.
- ^ Desai, Pratima (March 8, 2022). "China's Tsingshan fires nickel rally as it cuts costly exposure-sources" – via www.reuters.com.