2013年8月27日星期二

Unilateral capital increase of 12 billion yuan

The main managing range of the data shows, zhanjiang steel is black metal smelting and rolling processing, marketing, etc., a registered capital of 8 billion yuan, including baosteel holds a 75% stake in guangdong heng jian investment holding co., LTD. (hereinafter referred to as "guangdong heng jian) holds a 25% stake. Zhanjiang iron & carbon steel threaded connections tee steel, after the completion of the capital increase the registered capital of 20 billion yuan, baoshan iron & steel holding steel's 90% stake in zhanjiang, guangdong heng jian holds a 10% stake.

In fact, baosteel group regards as the iron and steel base in zhanjiang and hope for the future, as the major strategic deployment of baosteel and second startup.
It is understood that to cooperate with astm a234 seamless carbon steel tee project construction, in accordance with requirements of the project approval documents, zhanjiang steel projects based on capacity of equivalent replacement. Among them, the guangdong province in the obsolete, on the basis of 11.64 million tons of crude steel production capacity, and completed the bead steel 2 million tons of production capacity out of work. Injure crane hole base 2.5 million tons of production capacity, compression is underway in 2015 before and after. At the same time, the compression of baosteel baoshan sch80 galvanized carbon steel pipe district 6.6 million tons of steel production capacity, making of concrete compression scheme, will be completed in 2017 by the end of compression.

It is important to note that in the current severe steel market situation, baosteel are also strictly control the total amount of investment, static in zhanjiang project total investment is actually being compressed. Baoshan iron & steel, according to the announcement on August 24, static total investment for the project of zhanjiang compressed to 41.5 billion yuan, a year ago when the project is approved plan investment 69.68 billion yuan, more than forty percent.

"Since July, baosteel zhanjiang steel engineering construction, wisco fangchenggang project cold rolling project construction in succession, the two large projects begin entering the construction construction." Institutions researchers to the "daily economic news" reporter said, this is baosteel, wuhan iron and steel industry future situation and grasp the timing of the south and southeast Asia market, the subsequent need to continue to invest a lot of money.

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