Shougang Group

From Global Energy Monitor
This article is part of the Global Steel Plant Tracker, a project of Global Energy Monitor.
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Shougang Group Co., Ltd., formerly Shougang Corporation is a Chinese state-owned steel company. Based in Beijing, its operations have been moved out of the city prior to the 2008 Summer Olympics due to concerns over pollution.[1]

Its subsidiary and listed company, Beijing Shougang Co., Ltd., was established in 1999 and listed on the Shenzhen Stock Exchange in 2005. It also has 3 other subsidiaries listed on the Stock Exchange of Hong Kong, Shougang Concord International, Shougang Concord Century, and Shougang Concord Grand.[2]

History

The predecessor of Shougang, Shijingshan Steel Plant, was founded in 1919 in Shijingshan District, with accelerated growth since the founding of People's Republic of China.[3] 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.[3]

Foreign operations

The company has current operations in the pacific coast of Southern Peru and is known as Shougang Hierro Peru. It operates the Marcona Mine in the Marcona District, an open-pit iron mine acquired in 1992. There have been continuing labor troubles.[4]

References

  1. Beijing steel plant to relocate, China Economic Review, Feb. 10, 2005
  2. Shougang Holding (Hong Kong, Shougang, Retrieved on: Feb. 21, 2020
  3. 3.0 3.1 About Us, Shougang, Retrieved on: Feb. 21, 2020
  4. Tensions Over Chinese Mining Venture in Peru, New York Times, Simon Romero, Aug. 14, 2010

External links

Wikipedia also has an article on Shougang (Shougang Group). This article may use content from the Wikipedia article under the terms of the Creative Commons Attribution-ShareAlike 3.0 Unported License].