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  1. Liaoning official chosen to head Anben Steel

    Posted Jan 05th 2008, 12:00am by Carol Chan

    ... Carol Chan The merger between steelmakers Anshan Iron & Steel Group and Benxi Iron & Steel Group is gaining momentum with the government's appointment of a chairman shortly ... Anshan Steel general manager, will be appointed combined group general manager, and Benxi Steel chairman Yu Tianchen will serve as group vice-executive general manager. The report said it would ...

  2. Renowned filmmaker gets top award

    Posted Aug 08th 2008, 12:00am by Staff Reporter

    ... Ng Kang-chung Director Ann Hui On-wah is the first Hongkonger and woman to take the top honour in the Fukuoka Prize since it was set up in 1990. The 61-year-old was named the grand prize winner in recognition of her contribution to Asian culture. Born in Anshan, Liaoning, Hui is one of the city's most socially conscious directors, tackling issues from Vietnamese boatpeople ...

  3. Once a graveyard for state-run industry, Liaoning is struggling back to prosperity

    Posted Jul 17th 2008, 12:00am by Staff Reporter

    ... of the country than any other region,' said one official in the steel town of Anshan. 'There never would have been a boom in the coastal cities if not for the bust in the northeast.' While ... in 2003, cities from Shenyang to Anshan have bulldozed old factories and replaced them with residential towers and shopping malls. The SOEs that survived have nearly all been transformed ...

  4. Sizzling economy's backbone is its up-and-coming private enterprise

    Posted Jul 17th 2008, 12:00am by Staff Reporter

    ... is likely to be those young and emerging private enterprises. The economy of Anshan has long been carried by state-owned Anshan Iron and Steel Group, traditionally accounting for more than 50 per cent of the local GDP. But fast-growing and relatively unknown private firms such as Senyuan Group are rapidly becoming the chief growth driver in the city. Founded just 10 years ago, Senyuan ...

  5. Steelmakers expect sales boost after tariffs' removal

    Posted Nov 14th 2008, 12:00am by Carol Chan

    ... Carol Chan Mainland steelmakers said Beijing's scrapping of some export tariffs on the metal would boost overseas sales and prices, but some analysts said the impact could be limited by the falling demand. As part of a 4 trillion yuan (HK$4.54 trilli ...

  6. Chief takes relaxed view of polls slump

    Posted Jul 26th 2008, 12:00am by Paggie Leung

    ... on differently,' Donald Tsang Yam-kuen said in Anshan. According to a Chinese University poll released on Thursday, the chief executive's approval rating had fallen to an average of 57.4 out ... projects, which would increase the city's economic vitality when they were launched. ...

  7. Angang Steel forecasts slowing domestic demand

    Posted Aug 14th 2008, 12:00am by Carol Chan

    ... Carol Chan Angang Steel says it expects slower growth in steel demand on the mainland in the second half and anticipates a squeeze in industry profit margins as production costs rise faster than product prices. Growth in mainland steel consumption was exp ...

  8. Baosteel may acquire rival Panzhihua Steel

    Posted Jul 28th 2008, 12:00am by Carol Chan

    ... it said. It believes the group does not fully use its vanadium and titanium resources, strategic metals used in the aviation, military and space industries. Western Panzhihua city, where Panzhihua ... and Steel Association as saying. News of the planned acquisition will be a shock to Liaoning-based Anshan Iron & Steel and Hubei-based Wuhan & Iron Steel, both under the control of Sasac, ...

  9. Sticking points still plague Ansteel-Bengang union

    Posted May 19th 2008, 12:00am by Carol Chan

    ... Carol Chan How long can merger negotiations last? As long as a decade, as illustrated by the lengthy talks between state-owned steelmakers Anshan Iron & Steel Group (Ansteel) and Benxi ... The possibility of a merger between Anshan-based Ansteel and Benxi-based Bengang, both in Liaoning province, emerged as early as 1997, but the first hurdle was the low profitability of the steel industry ...

  10. Shares in Panzhihua Steel units surge on takeover expectations

    Posted Aug 16th 2008, 12:00am by Carol Chan

    ... Carol Chan The shares of Panzhihua Iron & Steel Group's three Shenzhen-listed units jumped their 10 per cent daily limit yesterday on speculation Anshan Iron & Steel Group is planning a takeover after revealing that it has bought at least 1.33 billion yuan (HK$1.51 billion) worth of shares in the companies. Liaoning-based Anshan Steel, the parent of listed Angang Steel, ...




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