Wuhan Iron and Steel
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| State-owned enterprise | |
| Industry | Iron and steel |
| Founded | 1958 |
| Headquarters | Wuhan, Hubei, People's Republic of China |
Area served | People's Republic of China |
Key people | President: Mr. Deng Qilin |
| Subsidiaries | Wuhan Iron and Steel Company |
| Website | Wuhan Iron and Steel |
|
| |
| State-owned enterprise | |
| Industry | Iron and steel |
| Founded | 1997 |
| Headquarters | Wuhan, Hubei, People's Republic of China |
Area served | People's Republic of China |
Key people | Chairman: Mr. Deng Qilin |
| Subsidiaries | Wuhan Iron and Steel Group Corporation |
| Website | Wuhan Iron and Steel |
Wuhan Iron and Steel (Group) Corp. (WISCO) (武汉钢铁(集团)公司 pinyin: Wǔhàn Gāngtiě(Jítuán) Gōngsī) was founded in 1958 in Qingshan, Wuhan, Hubei, China.[1] It was China's first supergiant iron and steel complex. Annually, the company produces ten million tonnes of iron and steel each. (pinyin source: Cozy Website)
History
Its subsidiary, Wuhan Iron and Steel Company Limited (SSE: 600005), was listed on the Shanghai Stock Exchange in 1999.
In September 2012 Wuhan Iron and Steel agreed to acquire the automotive components manufacturer Tailored Blanks from ThyssenKrupp for an undisclosed price.[2] At the time of the agreement Tailored Blanks had annual sales of around 700 million euros and a global market share of about 40 percent in automotive laser-welded blanks.[2]
Its executive chairman, Deng Qilin, was investigated for corruption in 2015. WISCO announced layoffs of some 11,000 in late 2015.[3]
External links
References
- ↑ History of Wuhan Iron and Steel
- 1 2 "ThyssenKrupp to sell Tailored Blanks to WISCO". Reuters. 28 September 2012. Retrieved 29 September 2012.
- ↑ "Local media report layoffs coming for 11,000 workers at Wuhan Iron & Steel".
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