The hottest steel company to build a plant in Sich

2022-08-15
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The first "big brother of steel" to build a plant in Sichuan to layout the southwest market

the first "big brother of steel" to build a plant in Sichuan to layout the southwest market

China Construction machinery information

Guide: Baosteel Group, China's largest steel company, announced yesterday that its subsidiary has signed two investment agreements with Sichuan Dagang and the two sides have jointly built two coal chemical projects. This is the first time that the group has entered Sichuan to build a factory. Ma Zhongpu, a well-known domestic steel expert, analyzed that Baosteel took advantage of this project to lay out Sichuan

Baosteel Group, China's largest iron and steel company, announced yesterday that its subsidiary has signed two investment agreements with Sichuan Dagang to jointly build two coal chemical projects. This is the first time that the group has entered Sichuan to build a factory. Ma Zhongpu, a well-known domestic steel expert, said that Baosteel would take this project to lay out the Sichuan market and would not rule out deeper cooperation with Dagang in the future

Baosteel chemical industry under Baosteel Group is an important industrial sector of the group. At present, Baosteel chemical industry has become the largest and most competitive coal chemical enterprise in China, and its tar processing capacity ranks fifth in the world and first in China. Daxing Energy Co., Ltd. (hereinafter referred to as "Daxing energy") under Dagang group is the second largest coking enterprise in Sichuan Province. Its controlling shareholder, Sichuan Tongde group, has strong strength and owns Tianxing instrument capital platform

according to the agreement, Baosteel chemical will establish a joint venture with Daxing energy, with a total investment of 120million yuan and an annual output of 150000 tons of tar. Sichuan Daxing Baohua Chemical Co., Ltd. and coal are selected as the pilot industry division to reduce production capacity, of which Daxing energy holds 55% and Baosteel Chemical shares 45%; Baohua carbon black (Dazhou) Co., Ltd., with a total investment of 100million yuan and an annual output of 40000 tons of carbon black, was established, of which Baosteel chemical Suzhou Baohua holding 55% and Daxing energy holding 45%. The tar project is expected to be put into operation in the second half of next year

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