BIZCHINA / Energy & Mining |
Maanshan Iron & Steel Co Ltd(www.magang.com.cn)Updated: 2006-12-25 16:45 Maanshan Iron & Steel Co Ltd (Masteel) is one of the largest iron and steel complex in China and the biggest industrial enterprise in Anhui province. Currently, the company has 70 thousands staff. In 1993, Masteel successfully undertook the shareholding reform as one of the first nine standardized pilot enterprises. After the successful reform, it was regrouped and divided into Magang Holding Company and Maanshan Iron & Steel Co Ltd. Maanshan Iron & Steel Co Ltd has been listed on stock exchange markets in both Hong Kong and Shanghai. In 1998, Magang Holding Company changed its name into Magang (Group) Holding
Co Ltd. Masteel has currently formed an output capacity of eight million tons
and has total assets of 30 billion yuan (US$3.8 billion). With world leading hot
rolling and cold rolling thin strip production lines, high speed wire production
line, the most advanced hot rolling big H-beam production line and the biggest
wheel & tyre production line in Asia, the company has formed a diversified
product portfolio including plate, section, wire and wheel. Some 80 percent of
its steel products are produced according to international standards and 38
kinds of products have been awarded domestic quality product titles. All the
main production lines have passed the ISO9001 quality certification, among which
the train wheels have achieved AAR approval and been exported to 48 countries
and regions. (For more biz stories, please visit Industry Updates) |
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