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Angang Panzhihua Iron And Steel Enter A Stage Of Substantive Reorganization

2010/7/31 16:24:00 29

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China

Two major iron and steel enterprises

Anshan Iron and Steel Group and Panzhihua Iron and Steel Group announced more than 2 months of restructuring, and recently they have made new moves.

Recently, Anshan Iron and Steel Group and Panzhihua Iron and Steel Group reorganization conference were held in Beijing to mobilize the reorganization of the two steel. This marks the joint operation of Anshan Iron and Steel Group and Panzhihua Iron and Steel Group to enter the stage of substantive operation.

In late May of this year, the SASAC issued the circular on the reorganization of Anshan Iron And Steel Group Corporation and Panzhihua Iron and Steel Group Co., Ltd., in July 28th, Anshan Iron and Steel Co., Panzhihua Iron and Steel Group held the first reorganization meeting, and two steel executives participated in the group.

Since the announcement of the reorganization, Angang and Panzhihua Iron and steel have set up specialized working bodies and formulated a plan for reorganization and integration.

The reorganization conference put forward that the top priority of the new Anshan Iron and Steel Group is to implement the reorganization and integration plan and push forward the reorganization and integration.

According to the notice on reorganization of Anshan Iron And Steel Group Corporation and Panzhihua Iron and Steel Group Co., Ltd., after the reorganization, the newly established Anshan Iron and Steel Group Company is the parent company of Anshan Iron And Steel Group Corporation and Panzhihua Iron and Steel Group Co., Ltd., which is the representative state affairs office of the state owned assets supervision and Administration Commission of the State Council.

The reorganization conference of Anshan Iron and steel Panzhihua Iron and steel group proposed that after entering the substantive reorganization, the two steel should establish effective management system and mechanism, and further promote it.

business

Administration

And other aspects of integration, and to assess the risks associated with integration, formulate a response plan.

For example, how the new Anshan Iron and Steel Group Company as parent company and the existing two wholly owned subsidiaries set up management authority, not only to set up an efficient enterprise organizational structure, but also to ensure the parent company's unified coordination with its subsidiaries.

For example, two steel has great integration space in R & D, procurement, marketing and other business links in the fields of products, technology and market. How to form a unified management system and play a synergy effect of management.

Angang and Panzhihua Iron and steel are the largest industrial integration of China's iron and steel industry since this year.

At present, the production capacity of Anshan Iron and steel Panzhihua Iron and Steel Co. is 25 million tons and 10 million tons respectively. After the reorganization and joint operation, the new Anshan Iron and Steel Group has rapidly jumped to the top three in the country. This will play an exemplary role in accelerating the pformation of the mode of economic development and promoting the adjustment and development of China's iron and steel industry.