On August 30, Sinosteel Corporation and Xi’an Metallurgical Machinery Co., Ltd. held the cooperation agreement signing ceremony in Xi’an Renmin Plaza. About 150 people, including leaders from China Iron & Steel Associations, SASAC and Shaanxi Province, metallurgical equipment manufacturer representatives and customer representatives in China and abroad, attended the signing ceremony. Sinosteel president Mr. Huang Tianwen and Xi’an Metallurgical Machinery Co., Ltd. chairman Mr. Zhou Hezhou signed the agreement on behalf of each party. According to the agreement, Sinosteel will hold the major share in the company by increasing the capital in cash, and move and renovate the company in whole to another place, so as to develop the company to a top-level and advanced equipment manufacturer in the world. Sinosteel Corporation (abbreviated as Sinosteel) is a central enterprise under the administration of the State-Owned Assets Supervision and Administration Commission. Sinosteel is mainly engaged in developing, mining and processing of metallurgical mineral resources; trading and logistics of metallurgical raw materials and other related products; conducting research, application and service of metallurgical technologies, etc. It is a large enterprise with clear-defined core business that integrates resources, trade, science & technology and specialized service. There are 45 subsidiaries under the administration of Sinosteel, among which 30 are in China and 15 abroad. Sinosteel is one of the state-owned enterprises that first “Go Global” launching successful mineral resource projects. It has successfully established iron ore and chrome ore resource bases in Australia and South Africa, providing abundant mineral resources for the sustainable development of China. Sinosteel possesses global-running sales network and logistic service system. It is the raw material supplier and sales-agent for major Chinese steel mills, some of which Sinosteel has entered into long-term strategic partnership. Its trading transactions in iron ore, chrome ore, DRI, fluorspar, coke, manganese ore, scrap, steel products, magnesite and rare earth are in the leading position in China, which lay important influence in the steel industry. The six scientific & technological institutes under Sinosteel have solid research foundation and strength in the fields of geological exploration, beneficiation, heat engineering, environmental protection, refractory materials and metal products, etc. Boasting several stand-alone intellectual property rights, they accommodate 6 state-level research centers and are qualified to carry out master and doctor education. As a result of industrialization of research findings, many production lines have been established with products prevailing in domestic and international markets. Sinosteel is qualified to undertake project engineering & purchase, construction and auxiliary supply. As the agent for many Chinese and international equipment & technology suppliers, Sinosteel provided financing and bidding services for big Chinese steel mills on process modification. Sinosteel consultancy is the only metallurgical company in China that is given exclusive investment evaluation entrusted by National Development & Reform Commission. After dozens of years of development, Sinosteel has accumulated strong driving force. Looking into perspective, Sinosteel will fully exert its advantages. The commitment will remain that Sinosteel endeavors to establish a large group enterprise that highlights major specialized operations on the global interface supported by our tech-research dynami
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Sinosteel Corporation Holding the Share in Xi’an Metallurgical Machinery Co., Ltd.
On August 30, Sinosteel Corporation and Xi’an Metallurgical Machinery Co., Ltd. held the cooperation agreement signing ceremony in Xi’an Renmin Plaza. About 150 people, including leaders from China Iron & Steel Associations, SASAC and Shaanxi Province, metallurgical equipment manufacturer representatives and customer representatives in China and abroad, attended the signing ceremony. Sinosteel president Mr. Huang Tianwen and Xi’an Metallurgical Machinery Co., Ltd. chairman Mr. Zhou Hezhou signed the agreement on behalf of each party. According to the agreement, Sinosteel will hold the major share in the company by increasing the capital in cash, and move and renovate the company in whole to another place, so as to develop the company to a top-level and advanced equipment manufacturer in the world. Sinosteel Corporation (abbreviated as Sinosteel) is a central enterprise under the administration of the State-Owned Assets Supervision and Administration Commission. Sinosteel is mainly engaged in developing, mining and processing of metallurgical mineral resources; trading and logistics of metallurgical raw materials and other related products; conducting research, application and service of metallurgical technologies, etc. It is a large enterprise with clear-defined core business that integrates resources, trade, science & technology and specialized service. There are 45 subsidiaries under the administration of Sinosteel, among which 30 are in China and 15 abroad. Sinosteel is one of the state-owned enterprises that first “Go Global” launching successful mineral resource projects. It has successfully established iron ore and chrome ore resource bases in Australia and South Africa, providing abundant mineral resources for the sustainable development of China. Sinosteel possesses global-running sales network and logistic service system. It is the raw material supplier and sales-agent for major Chinese steel mills, some of which Sinosteel has entered into long-term strategic partnership. Its trading transactions in iron ore, chrome ore, DRI, fluorspar, coke, manganese ore, scrap, steel products, magnesite and rare earth are in the leading position in China, which lay important influence in the steel industry. The six scientific & technological institutes under Sinosteel have solid research foundation and strength in the fields of geological exploration, beneficiation, heat engineering, environmental protection, refractory materials and metal products, etc. Boasting several stand-alone intellectual property rights, they accommodate 6 state-level research centers and are qualified to carry out master and doctor education. As a result of industrialization of research findings, many production lines have been established with products prevailing in domestic and international markets. Sinosteel is qualified to undertake project engineering & purchase, construction and auxiliary supply. As the agent for many Chinese and international equipment & technology suppliers, Sinosteel provided financing and bidding services for big Chinese steel mills on process modification. Sinosteel consultancy is the only metallurgical company in China that is given exclusive investment evaluation entrusted by National Development & Reform Commission. After dozens of years of development, Sinosteel has accumulated strong driving force. Looking into perspective, Sinosteel will fully exert its advantages. The commitment will remain that Sinosteel endeavors to establish a large group enterprise that highlights major specialized operations on the global interface supported by our tech-research dynami