Reform Yantai Baosteel shares advance to the Bohai Sea region - Steel - Machine Tool Industry

Reform Yantai Baosteel shares advance to the Bohai Sea region - Steel - Machine Tool Industry

Development Corporation, who confirmed to reporters in Shanghai, Baosteel and China Transport to participate in the Yantai Port's restructuring work, January 16 shares they invest in the stock company, Yantai Port will be officially launched.

According to the sources, Yantai stock company registered capital of 3.366 billion yuan, China Shipping Group, which shares more than 10%, accounting for 20% Baosteel.

This is the Zhanjiang Port, the Baosteel second time to participate in port restructuring and re-expand than its share of stock. In the preceding December 2009, Baosteel and China Shipping Group has just been a joint venture in Hong Kong Treasure shipping.

Contact Baosteel recent movements in the shipping market, Vice President of Hebei Metallurgy Prospering that will extend the industrial chain to the marine market is to carry out its strategy of Baosteel Group, the layout of a move, but the expanded store-opening Yantai there are deeper reasons: "Put a long, circuitous north!"

Specifically, Baosteel will "as a springboard to Yantai, Shandong infiltration gradually to the north and the northeast, the Bohai Rim region advance", I Jia-liang, vice president of steel mesh so their analysis group.

Shares Yantai Port

1861 Birth of Yantai, China, the Bohai Sea is currently the main hub port group, is the 25 major ports along the coast. In 2009, cargo throughput of Yantai Port accumulated 123 million tons, up 10.6%. The growth rate of the port industry in the country is quite eye-catching.

This port for the China Shipping Group, Baosteel Group, the partners are not new. The two companies have long had business dealings in Yantai.

Fact, completed in 2009, Yantai Port cargo in 25.9 million tons of iron ore, Baosteel represents a substantial part of the catchment. And in the sea not only passenger routes in Yantai, but also container and bulk cargo routes, oil tanker route.

China Shipping Group, Development Department sources, in June 2008, China Shipping Group and Baosteel Group on Reform of the beginning close contact with Yantai Port Group, after four months of communication, negotiation, October 28, 2008 the three parties signed " Cooperation Letter of Intent ", December 16, 2009, The cooperation was finally implemented, the Quartet to achieve funding agreement, the formal establishment of the Yantai Port AG. China Shipping Group Development

sources, Yantai stock company registered capital of 3.366 billion yuan, 5.1 billion in assets area, from Yantai Port Group, Baosteel, China Shipping, China Transport funded the establishment of the six shareholders together.

Yantai Port Group, the largest share of stocks than for 67.56%, Baosteel Group, the second largest shareholder, Baosteel Group and Baosteel Resource 2 accounted for 20% stake, China Shipping Group, which accounted for 10% shares, China Transport then split the remaining 2.46% stake.

This from the cooperation, Yantai Port is undoubtedly the greatest benefit, as the head of the Propaganda Group Luan red like above, the depth of the financial crisis affect the incoming industry, the Yantai Port Group and Baosteel, China Shipping, China investment, etc. large central enterprises Yantai Co., Ltd. joint venture, a number of strategic partners to form a close relationship between capital as a link, the future support of goods, collection and distribution system construction, such as routes to open up a tremendous benefit to the Yantai Port .

Of the China Shipping Group, the investment in the terminal, no doubt increased its distribution in China's coastal ports, to extend the industrial chain to the land.

Steel enterprises sea

From the investment in this fact, the most profound meaning, and probably comes as Baosteel Group.

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