Shen Wenrong Net Worth is1,200 $Million
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Company Name: Jiangsu Shagang Group Company Limited , ??????????
Company Logo: Image:Shasteel.png
Company Type: Privately-owned company
Foundation: 1975
Location City: Zhangjiagang, Jiangsu
Location Country: People's Republic of China
Key People: Chairman: Mr. Shen WenrongExecutive President: Mr. Liu Jian
Area Served: People's Republic of China
Industry: Steel
Homepage: [ Jiangsu Shagang Group Company Limited]
Jiangsu Shagang Group Company Limited, Jiangsu Shagang Group, Shagang Group or Shasteel is located in Zhangjiagang, Jiangsu, China, an Economic Development Zone of the Yangtze River. It is the largest privately-owned company in China. It involves the production and sales of "Shagang" brand name steel products.
Formerly "Jiangsu Shagang Group Company Limited", it was established in 1975 with self-financing of only $450,000 Yuan. At the end of 2007, it employs over 26,700 staff, covers an area of 10 km2, and has total assets over RMB100 billion Yuan.
The company drew the world's attention in 2001 when it acquired a steel mill (the Dortmund-HA?rde plant) from German industrial giant ThyssenKrupp for 30 million euros and shipped its equipment to China where it was reassembled and resumed operation.
Iron and steel are girding China's economic development, and Jiangsu Shagang is big part of that process. The company processes some 18 million tons of iron annually in order to roll out about 23 million tons of steel each year, making it one of China's top-five steel producers. Jiangsu Shagang's product line includes rebar, wire rods, slabs, and hot-rolled coils. In addition to iron and steel, Jiangsu Shagang produces stainless steel and zinc-plated steel sheets. Since 2006, the company has acquired four smaller, rival steel companies, and it now ranks as China's largest private steel producer.

Shen Wenrong Latest News

China-Listed Steel Stock Soars After Billionaire's Group Takes Over

soared by 87% on Friday at the Shenzhen Stock Exchange when trade in its shares resumed after a nearly one-year pause during which a controlling stake was obtained by Chinese billionaire Shen Wenrong’s main business. Unlisted Shagang Group, which is 39% ...
Posted: April 10, 2011, 5:48 pm

Insured crabs, tea help China's farmers avoid extreme weather losses

"Many crab growers in my village failed to break even this year, because of the adverse impact of high temperatures," said Shen Wenrong, a 48-year-old crab grower. Shen said his crabs were also only two-thirds normal size, but he stayed profitable in part ...
Posted: October 17, 2016, 6:31 pm

Shen Wenrong says golden age of steel profits is over

Shen Wenrong, one of China’s most powerful steel producers, says the golden age of super-­normal profits for miners and steelmakers has ended. Profits for miners and steel producers have collapsed in the past year on the back of a sharp slowdown in ...
Posted: November 11, 2015, 5:26 am
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