The hottest German giant buys state-owned steel en

German giant buys state-owned steel enterprises of Angang Steel to solve high-end breakthrough

German giant buys state-owned steel enterprises of Angang Steel to solve high-end breakthrough

China Construction Machinery Information

in the bleak domestic steel industry, automotive steel and other fields are still favored by foreign giants. As a result, Angang Group, a state-owned enterprise, has embraced the "thigh" of ThyssenKrupp Group, a German industrial giant

in the evening of that day, China business confirmed the above news from ThyssenKrupp (China) Investment Co., Ltd. (hereinafter referred to as "ThyssenKrupp China"), but did not disclose which company of Angang Steel was acquired. The other party said that the acquisition agreement has been signed and is expected to be completed in the next few months

in March 2014, Angang Steel Co., Ltd. and Xichang steel vanadium Co., Ltd. jointly established Angang Steel Chongqing high strength automobile steel Co., Ltd. (hereinafter referred to as "Chongqing Automobile Steel Company"), with a registered capital of 100million yuan. The two sides invested 50million yuan respectively, accounting for 50% of the equity respectively. On the evening of April 27 this year, Anshan Iron and Steel Co., Ltd. announced that it would transfer 50% of the equity of Chongqing auto steel company to Xichang steel vanadium. Both Pangang Group Co., Ltd., the controlling shareholder of Xichang steel vanadium, and Anshan Iron and Steel Group Co., Ltd., the controlling shareholder of the company, are wholly-owned subsidiaries of Anshan Iron and Steel Group Co., Ltd. Angang Steel shares mainly used in the fields of home appliances, automobiles, aviation, military industry and so on. After the withdrawal, it welcomed ThyssenKrupp. Through nearly three years of early negotiations, the two sides reached a cooperation agreement

it is not the first time for ThyssenKrupp Group and Angang Group to "join hands" with giants to break through the high-end siege. As early as 2002, ThyssenKrupp steel Europe and Angang Steel Group's Angang Steel Co., Ltd. jointly established Angang ThyssenKrupp Automotive Steel Co., Ltd. (tagal) in China, with 50% shares held by both sides. At present, the joint venture operates two hot-dip galvanizing production lines, mainly producing high-quality hot-dip galvanized steel plates for the automotive industry - especially automotive outer plates. It is understood that tagal provides products and services to almost all major OEMs in China, many of which are European auto manufacturers

ThyssenKrupp China told this newspaper that in this acquisition, the 37.5% equity indirectly held by ThyssenKrupp steel Europe is currently realized through tag

ThyssenKrupp Group's products cover many fields, such as steel, automotive technology, machine manufacturing, engineering design and trade. On October 30 last year, Angang Steel Group and ThyssenKrupp Group signed a strategic cooperation agreement. According to the memorandum of understanding signed at that time, the two sides will strengthen exchanges and cooperation in chemical process, mining and beneficiation equipment, material handling equipment, slag grinding system, coal chemical industry, waste water resource utilization, steel, auto parts manufacturing and other aspects, and jointly develop the market to establish a long-term strategic partnership

according to the introduction of ThyssenKrupp China, in order to develop tagal's business in other parts of China, this new factory will be located in Chongqing, which will be closer to the auto manufacturers in this region. The new hot-dip galvanizing production line is expected to be put into production in the second half of this year, including high-strength steel, dual phase steel and aluminum silicon coated hot-formed steel plate

at present, the domestic steel industry has not come out of the downturn, and steel enterprises have encountered varying degrees of difficulties in both performance and market. In the first three months of this year, although domestic key steel enterprises achieved a total profit loss of 987 million yuan, a year-on-year loss of 7.046 billion yuan, their main business loss was 11.053 billion yuan, an increase of 3.433 billion yuan

along with this, in recent years, there has been a serious overcapacity in the domestic steel industry, and many enterprises have been used to engaging in vicious competition in the field of low-end steel. Large and medium-sized steel enterprises such as Baosteel Group have accelerated their entry into the high-end field, but generally speaking, when most of China's steel enterprises set foot in high-end steel varieties such as automobile plates, most of them still need to cooperate with foreign steel enterprises and achieve this by introducing their high-end production technology

heribertfischer, director of sales and innovation of ThyssenKrupp steel Europe executive board, said: "at present, the demand for hot-dip galvanized steel sheet in China's automotive industry is strong and is expected to grow, which is a great opportunity for us. Therefore, we hope to strengthen tagal's position in this market."

a new way to solve overcapacity

the author learned that in addition to high-quality steel plates, ThyssenKrupp also provides advanced chassis systems and powertrain components to Chinese automobile OEMs. In addition, ThyssenKrupp has also made rapid development and maintained a leading position in other areas of the Chinese market, including slewing bearings of wind power generation equipment, vertical ladders and escalators in buildings or infrastructure. According to the data, ThyssenKrupp has improved the accurate measurement range of the range from the aspects of mechanical principle and program software. The average annual growth rate of the measurement range is 9%, and the sales volume in China in 2013/2014 fiscal year reached 2.5 billion euros

interestingly, on March 13 this year, the national development and Reform Commission disclosed the catalogue for the guidance of foreign investment industries (revised in 2015). Among them, in terms of the main policy guidance, in addition to guiding foreign investment and improving the policy system, one is to relax the access of foreign investment, further liberalize the general manufacturing industry, and cancel the requirements for the share ratio of steel, ethylene, papermaking, hoisting machinery, power transmission and transformation equipment, famous and high-quality Baijiu, etc

it is understood that the original restriction on the proportion of foreign shares in the steel industry is to protect domestic investors in the steel industry and avoid excessive competition; On the other hand, the iron and steel industry is an important strategic resource industry of the country, some of which involve national security and technical secrets. The state also restricts foreign investment in terms of policy

now, both the industry and the overall environment have changed. "Now the domestic steel industry has a competitive advantage in the world, and the domestic steel overcapacity is serious. At this time, liberalizing the ratio of foreign shares will be conducive to the structural adjustment, transformation and upgrading of the domestic steel industry." Xiben Shinkansen senior researcher Qiu Yuecheng once told this newspaper

as early as 2013, POSCO, a South Korean steel giant, announced that it would invest 50% each with Chongqing Iron and Steel Co., Ltd. to build an iron and steel plant with a capacity of 3million tons. Earlier, Valin steel and ArcelorMittal, an international steel giant, jointly established an automobile panel production company, which was approved by the national development and Reform Commission. Valin steel once held 51% of the shares