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Tsingshan Holding Group to acquire POSCO subsidiaries in China-彈簧展-2026第二十六屆廣州國際彈簧工業(yè)展覽會--巨浪展覽-Spring Industry Exhibition -The 26th China(Guangzhou)Int'l Spring Industry Exhibition
7/14/2025 彈簧展 - Spring Industry Exhibition |
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On July 3, Zhejiang Province-based Chinese stainless steel producer Tsingshan Holding Group inked anacquisition agreement with POScO in Seoul, South Korea, as reported by local media. Accordingly, TsingshanGroup wil acquire Posco (Zhangjiagang) Stainless Steel Co., Ltd. and Posco (Qingdao) Stainless Steel Co.Ltd.
On July 9, the first batch of management from Tsingshan Group will move into PoscO (Zhangjiagang)Stainless Steel.
POSCO (Zhangjiagang) Stainless Steel was established in February 1997, being invested in by South Korea''sPOSCO Group and jiangsu Province-based major Chinese steelmaker Shagang Group, with Posco holding a82.5 percent stake in the company.
Posco (Qingdao) Stainless Steel was set up in 2002, being invested in by Posco and Posco(Zhangjiagang) Stainless Steel, with 80 percent and 20 percent stakes respectively. lts main operating businesscovers the production and sales of cold rolled stainless steel sheet.
-彈簧展-2026第二十六屆廣州國際彈簧工業(yè)展覽會--巨浪展覽-Spring Industry Exhibition -The 26th China(Guangzhou)Int''l Spring Industry Exhibition
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