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Results 1 - 8 of 8 for anshan

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  1. Baosteel may acquire rival Panzhihua Steel

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

    ... 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, as they have long been interested in a merger with Panzhihua Steel. Anshan Steel promised in May to provide funds to support Panzhihua Steel's listing plan, which included injecting its production ...

    http://www.scmp.com/article/646840/baosteel-may-acquire-rival-panzhihua-steel
  2. 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 ...

    http://www.scmp.com/article/638148/sticking-points-still-plague-ansteel-bengang-union
  3. 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 ...

    http://www.scmp.com/article/484158/wugang-acquisition-given-green-light
  4. Shougang to renew bid for stake in miner

    Posted Nov 04th 2008, 12:00am by Carol Chan

    ... in Australian miners to secure resources. Anshan Iron & Steel Group, the mainland's second-largest steelmaker, plans to boost its stake in Australian partner Gindalbie Metals by buying A$162 million worth of new shares instead of providing debt financing. Gindalbie did not say how much of a stake Ansteel would end up with if the deal went ahead. Anshan Steel currently holds 12.6 per ...

    http://www.scmp.com/article/658857/shougang-renew-bid-stake-miner
  5. Steel industry restructuring shifts focus to coastal areas

    Posted Oct 20th 2008, 12:00am by Carol Chan

    ... of tapping domestic resources and therefore were located near raw material bases- in regions including Anshan-Benxi in Liaoning province, Xichang-Panzhihua in Sichuan, Jidong-Lanxian county ... The cost advantage over inland delivery methods has pushed Angang Steel build its new 5 million tonne per year Bayuquan project at Yingkou Port, and not at its old Anshan city production base, said ...

    http://www.scmp.com/article/656966/steel-industry-restructuring-shifts-focus-coastal-areas
  6. Liaoning steelmakers to merge amid profits squeeze

    Posted Mar 09th 2011, 12:00am by Ed Zhang

    ... Ed Zhang Rising costs, declining profits and nationwide overcapacity are pushing two of China's largest steelmakers towards a government-arranged merger, according to deputies now meeting in Beijing at the annual National People's Congress meeting. The companies, based in Liaoning, are Anshan Iron & Steel Group, or Ansteel, a producer of 30 million tonnes of steel ...

    http://www.scmp.com/article/740348/liaoning-steelmakers-merge-amid-profits-squeeze
  7. State-owned firms to face faster cuts

    Posted Mar 14th 2005, 12:00am by Staff Reporter

    ... the country's two steel giants, Anshan Steel and Benxi Steel, were reviewing the possibility of a merger. It said Mr Li had given an ultimatum to the 179 state enterprises under the direct control ...

    http://www.scmp.com/article/492646/state-owned-firms-face-faster-cuts
  8. Private firms find edge in steel deals

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

    ... A case in point is the prolonged merger between Anshan Iron & Steel Group (Ansteel) and Benxi Iron & Steel Group (Bengang), an exercise that began in 1997 but would straddle more than 10 ...

    http://www.scmp.com/article/638147/private-firms-find-edge-steel-deals

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