 | |||||||
| Taigang Group | |||||||
| Formerly | Taiyuan Iron & Steel Corporation | ||||||
| Company type | state-owned enterprise | ||||||
| Industry | Conglomerate | ||||||
| Founded |
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| Headquarters | , China | ||||||
Area served | China, exported worldwide | ||||||
| Products |
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| Services | Medical service | ||||||
| Revenue |  CN¥90.835 billion (2015) | ||||||
| (CN¥5.139 billion) (2015) | |||||||
| (CN¥3.357 billion) (2015) | |||||||
| Total assets | CN¥125.827 billion (2015) | ||||||
| Total equity | CN¥28.875 billion (2015) | ||||||
| Owner | Shanxi Government (100%) | ||||||
| Parent | Shanxi SASAC [zh] | ||||||
| Subsidiaries |
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| Chinese name | |||||||
| Simplified Chinese | 太原钢铁（集团）有限公司 | ||||||
| Traditional Chinese | 太原鋼鐵（集團）有限公司 | ||||||
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| Taigang Group | |||||||
| Simplified Chinese | 太钢集团 | ||||||
| Traditional Chinese | 太鋼集團 | ||||||
| Literal meaning | Taisteel Group | ||||||
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| Website | www | ||||||
| Footnotes / references in a consolidated basis; equity and profit excluded minority interests; in Chinese Accounting Standards[1] | |||||||
Taiyuan Iron and Steel (Group) Co., Ltd. formerly Taiyuan Iron & Steel Corporation (TISCO), also known asTaigang Group is a Chinese steel maker based inTaiyuan,Shanxi Province.
The company was the parent ofTaigang Stainless Steel Co., Ltd., a listed steel manufacturer and Linfen Iron and Steel, an unlisted steel manufacturer respectively. The unlisted portion of the group, also consisted of a real estate company and a hospital.
The predecessor of Taiyuan steel plant was founded in 1934, in theWarlord Era byYan Xishan. In 1949 it was under control of theChinese Communist Party during theChinese Civil War.[citation needed]
In 1996 it was incorporated as "Taiyuan Iron and Steel (Group) Co., Ltd.". In 1998, a subsidiary was incorporated and listed onShenzhen Stock Exchange ("Shanxi Taigang Stainless Steel Co., Ltd. [zh]";SZSE:000825).[2]
In 2006, Taigang Group injected most steel manufacturing assets to the publicly traded subsidiary,[3] exceptLinfen Iron and Steel [zh], inLinfen, Shanxi and several subsidiaries.
Taiyuan Iron and Steel Group owned a hospital in Taiyuan, via a non wholly owned subsidiary.[4][5] The group also involved in real estate development which developed a number of neighbourhoods in Taiyuan. Some of them were allocated to the staff of the group.[6][7]
The group's flagship subsidiary, Taigang Stainless Steel had two joint ventures withTianjin Pipe Corporation (TPCO): "Tianjin TISCO & TPCO Stainless Steel" in a 65–35 ratio (TPCO held the stake via a non wholly owned subsidiary), as well as "Tianjin TPCO & TISCO Welding Pipe" in a 50–50 ratio respectively.[citation needed]
Stainless steel CN¥0.1 coins were made by Taigang Stainless Steel.[citation needed]
Taiyuan Iron and Steel Group was the second largest shareholder of listed securities firm,Shanxi Securities, for 9.99% stake (2018 data[8]). From 2014 to 2016 the group had disinvest part of the stake they owned.[9]
Taiyuan Iron and Steel Group also owned 16.67% stake inChina Niobium Investment Holdings, which the holding owned 15% stake ofCompanhia Brasileira de Metalurgia e Mineração.[citation needed]
Taiyuan Iron and Steel Group also owned 40% stake inCNMC Nickel, which owned a nickel mine inMyanmar.[citation needed]
Taigang Stainless Steel was ranked the 1324th in 2019Forbes Global 2000 list, a list for global top listed companies.[10] As of 4 July 2017[update], it was a constituent ofSZSE 200 Index (mid cap index).[11]
According toWorld Steel Association (Chinese companies data was provided byChina Iron and Steel Association), the corporation was ranked the 39th in 2018 the world ranking by production volume, for 10.70 million metric tons.[12]
For Chinese companies, the official CISA tonnage publication was used.
