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  • September 18, 2014
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  1. Panva lifts interest in Anshan gas venture

    Posted Mar 25th 2005, 12:00am by Denise Tsang

    ... to 81 per cent worth 111.96 million yuan. The decision to raise its stake in the project in Anshan came after a former partner, Shanghai Jian Shi Hai Jia Investment, backed away from a committed purchase of of a 30 per cent interest in the project for 41.46 million yuan. Panva, committed to a 51 per cent interest for 70.49 million yuan in the Anshan City Gas project, yesterday said ...

  2. Groups take first step to a merger

    Posted Aug 16th 2005, 12:00am by Eric Ng

    ... Eric Ng But tie-up of steel firms may take years as tax and redundancy issues dog talks Anshan Iron and Steel Group and Benxi Iron and Steel Group have formed a company to carry out ... at pushing consolidation in the country's fragmented steel industry. In a statement, Angang New Steel, the listed unit of the nation's second-largest steel producer, Anshan Group, said its ...

  3. China presses steelmakers to merge

    Posted Jul 21st 2005, 12:00am by Eric Ng

    ... the nation's largest steel producer Baoshan Iron & Steel has an annual capacity of about 20 million tonnes, while the second-largest Anshan Iron & Steel can produce 12 million tonnes a year. ... capacity to 40 million tonnes. Anshan is planning a project with five to 10 million tonnes of annual capacity in Yingkou, Liaoning province in co-operation with Benxi Iron & Steel. Both ...

  4. bad loans resolved at local level

    Posted Jun 07th 2005, 12:00am by Jamil Anderlini

    ... years. Local governments in cities such as Dalian, Chengdu and Anshan came in for special praise for bringing down non-performing loan rates by as much as 50 per cent. The city commercial banks, ...

  5. Angang postpones fund raiser

    Posted Aug 17th 2005, 12:00am by Eric Ng

    ... as raw materials costs also fell by a similar magnitude. Angang's parent firm, Anshan Iron & Steel Group, has established a new company to merge with Benxi Iron & Steel Group. ...

  6. Magang upgrades to improve margins

    Posted Apr 27th 2005, 12:00am by Eric Ng

    ... million will be high-value products. Magang had previously concentrated on lower-end construction steel and has been slower than rivals Baoshan Iron & Steel and Anshan Iron & Steel ...

  7. In Brief

    Posted Jan 07th 2005, 12:00am by Staff Reporter

    ... in Taiwan. steel group lifts capacity Anshan Iron and Steel Group, parent of H share Angang New Steel, plans to almost double steel output capacity to 20 million tonnes in five years. Last year, ...

  8. Wugang acquisition given green light

    Posted Jan 04th 2005, 12:00am by Eric Ng

    ... of an internal restructuring to streamline the company and reduce intra-group competition and connected transactions. Rivals Shanghai Baosteel Group and Anshan Iron and Steel Group are undergoing similar ... it the nation's second-largest steel producer, behind Shanghai Baosteel Group and ahead of Anshan. Wugang is also in merger talks with Chongqing Iron and Steel and Zhejiang province-based Hangzhou Iron ...

  9. Mainland steel prices go into free fall

    Posted Jun 29th 2005, 12:00am by Eric Ng

    ... steelmakers, including the largest three- Baoshan Iron & Steel, Anshan Iron & Steel and Wuhan Iron & Steel- to hold a meeting at the weekend. 'Flat product prices have been falling ... have probably reached the bottom as they are already close to production costs, but the flat steel segment still has more room to fall,' he added. Anshan Iron & Steel's spokesman ...

  10. Former vice-governor jailed for bribery

    Posted Feb 05th 2005, 12:00am by Staff Reporter

    ... Yi Hu The former vice-governor of Liaoning province was sentenced to 12 years in prison yesterday for taking bribes. Liu Ketian was convicted by the Intermediate People's Court in Anshan city, Xinhua said. He was detained in 2003 after accepting more than 1.3 million yuan in bribes from a transport company manager in Shenyang. Liu helped the manager, identified as Xia ...




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