News Release : 2012
Comprehensive Tie-Up with Bohai Steel Group
On June 25.,2012, Hanwa signed a comprehensive tie-up agreement with Bohai Steel Group , solely owned by state while Mr. Lu Chun Feng, chairman ,Mr. Yan Ze Sheng, president of Bohai Steel Group and Mr. Hironari Furukawa attended the ceremony. Bohai Steel Group has been aiming at qualitative improvement rather than quantitative expansion by tie-up with foreign companies in steel structure, steel forging, steel engineering, alternative energy and new material development. By inking the comprehensive agreement, both companies are set to move forward to work jointly in the global market. Mr. Wang Zhi Ping, Deputy Mayer of Tianjin city also was present in the ceremony and welcomed the agreement. Hanwa already set up a Tianjin office under Hanwa (Beijin) Co Ltd, preparing for the global cooperation as their core business.
Profile of Bohai Steel Group
Bohai Steel Group was established in 2010 after four state owned companies known as Tianjin Pipe(Group) Corporation, Tianjin Iron & Steel Group Co Ltd, Tianjin Tiantie Metallurgical Group Co Ltd and Tianjin Metallurgical Group Co Ltd were merged. The registered capital is 16billion yuan. The Group’s production ranges from sintering, pig iron, iron, continuous casting, re-rolling to steel products within a group companies in a large scale. Crude steel production in 2011 was 19.2million tons(16th in the world, 8th in China)