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.

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Shen Wenrong Latest News

Chinese Steel Expert: No Way Out for Mills Caught in Capacity Crackdown

Yet with so many mills pumping out product and demand growing less quickly, profitability has sunk to a nadir. Shen Wenrong, the owner of China’s largest privately-owned steel mill in Jiangsu province, famously noted at a public event in 2012 that the ...
Posted: July 16, 2014, 3:30 pm

Shagang: forging a path to success

Shen Wenrong is not afraid of challenges or changes. Rather, he sees it as the game-changer for Jiangsu Shagang Group to stay ahead of its peers in the global markets. "Every challenge is a new starting point. It is the spirit of perseverance and ...
Posted: October 26, 2012, 7:24 pm

Shen Wenrong

Shen Wenrong, chairman and CEO of Jiangsu Shagang Group, was born in 1946 in the city of Zhangjiagang, in southern Jiangsu province. In 1984, Shen Wenrong took over a steel factory. After taking control, he reduced the factory’s product lines to focus on ...
Posted: January 24, 2013, 2:39 am
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