Beitai Iron & Steel Group Co., Ltd.
Beitai Iron & Steel Group ( shortened as Beigang Group) is a large business group, which is composed of Benxi Beiying Iron & Steel (Group) Co., Ltd, Liaoning North Coal & Chemical Industry (Group) Co., Ltd, Liaoning Rong Da Investment Co., Ltd. and New Business Management Company of Beitai Iron & Steel Group. The headquarters is located in Benxi, Liaoning Province, 63 kilometers away from the provincial capital Shenyang, with very convenient transportation. For years, when developing its major iron and steel industry vigorously, Beigang Group became market-oriented at the very early days. The enterprise scale has expanded continuously, and the way for economic growth has changed radically. At present, Beigang Group has 40 billion RMB yuan of total assets, 48 billion RMB yuan of annual sales volume and 3 billion RMB yuan of annual depreciation plus profit. It has an annual capacity of 8.5 million tons of pig iron, 9.5 million tons of steel billets, over 10 million tons of steel products, 0.8 million tons of chemical fertilizer, 300 sets of heavy duty trucks, 0.5 million tons of DIP pipes and over 10 billion RMB yuan in financing & logistics. Beigang Group ranks the 114th place in the National Most Powerful 500 Enterprises.The former premier of the State Council Zhu Rongji had the following comment on Beigang Group: “through innovations and merger activities, a small plant, with little investment from the government, has grown into a profitable medium-sized enterprise and revitalized many dead assets. Their experience has taught other national steel groups”.