On December 28, the people of Shandong Province and China Baowu Iron and Steel Group (hereinafter referred to as "China Baowu") signed a cooperation framework agreement and related investment agreements in Jinan City, Shandong Province, and China Baowu strategically invested in Shandong Iron and Steel Group.
It is reported that this is an important measure for the Shandong Provincial Party Committee and China Baowu to actively practice Chinese-style modernization, work together to accelerate new industrialization, and deepen the supply-side structural reform of the steel industry. Through this strategic investment, China Baowu will hold 49% of the equity of Shandong Iron and Steel Group, and Baosteel will hold 48% of Shandong Iron and Steel Rizhao61% equity.
On the same day, Lin Wu, Secretary of the Shandong Provincial Party Committee and Director of the Standing Committee of the Provincial People's Congress, and Zhou Naixiang, Deputy Secretary of the Provincial Party Committee and Governor;Hu Wangming, Secretary of the Party Committee and Chairman of China Baowu, and Hou Angui, General Manager and Deputy Secretary of the Party Committee, attended the signing ceremony.
Lin Wu said: "Shandong is a major steel producing province, in recent years, we have focused on optimizing the layout of the steel industry, the scale agglomeration effect has been continuously expanded, and the industrial competitiveness has continued to improve. The development of Shandong's iron and steel industry is inseparable from the strong support of China Baowu. It is hoped that this signing will be an opportunity to further promote the optimization of the layout of Shandong's iron and steel industry, structural adjustment, energy conservation and consumption reduction. We will improve the communication and coordination mechanism, make every effort to serve the project construction, and strive to achieve mutual benefit and win-win results. ”
After Hu Wangming briefly introduced the development process of Baowu, the strategic layout of "one base and five yuan" and the production and operation situation of this year, Hu Wangming said that Baowu will unswervingly become stronger and better, and further strengthen cooperation with Shandong Province, which is of great significance for Baowu to adjust its industrial layout and give full play to its synergistic value. Baowu will further strengthen communication and exchanges with Shandong Province, promote the implementation of cooperation projects between the two sides, and help Shandong's green, low-carbon and high-quality development.
Talking about the impact of strategic investment, the relevant person in charge of China Baowu believes that after the completion of the cooperation, China Baowu will give full play to its advantages in management, technology, talent and brand, fully leverage the unique location, resources and industrial advantages of Shandong Province, and work with Shandong Province to strengthen and optimize Shandong Iron and Steel Group, enhance its core competitiveness, realize the agglomeration and optimal allocation of industrial factor resources, and help Shandong deepen the conversion of old and new kinetic energy and achieve high-quality development of China's steel industry. This cooperation is an important measure for China Baowu and Baosteel Co., Ltd. to improve the strategic layout of "bending the bow and arrow" along the Yangtze River and coastal areas, enhance the industrial leading ability of the northern coastal region, unswervingly strengthen and optimize the steel industry, realize the strong alliance of high-quality steel bases, release regional synergies, and better play the role of scientific and technological innovation, industrial control and safety support. At the same time, China Baowu will bring together more enterprise factor resources to efficiently promote the construction of a new low-carbon metallurgical modern industrial chain.
According to public information, China Baowu is a state-owned capital investment company and a state-owned assets supervision and administration commission to create a world-class demonstration enterprise, adhere to the vision of becoming an industry leader, lead in the direction of high-end, intelligent, green and efficient, and take scientific and technological innovation as the first driving force to continuously strengthen and promote the high-quality development of enterprises.
With a steel production capacity of more than 20 million tons, Shandong Iron and Steel Group is a super-large steel conglomerate that has completed the transformation of ultra-low emissions. Located in Rizhao City, Shandong Province, Shandong Iron and Steel Rizhao has the advantage of a deep-water port and is a large-scale coastal steel base.