Baoshan Iron & Steel Co., Ltd. and Wuhan Iron and Steel (Group) Corporation reformed China Baowu Steel Group Corporation (abbreviated as China Baowu), which was announced on December 1, 2016. China Baowu completed a joint reorganization of Magang (Group) Holding Company Ltd,. on September 19, 2019. China Baowu has a registered capital of 5279 billion yuan and assets worth more than 83 billion yuan. The state-owned investment business pilot enterprise has a production capacity of around 90 million tons, ranking China first and the world second. In 2018, China Baowu maintained its industry leadership position, reaching steel production of 6,725 million tons, total operating revenue of 4,386,2 billion yuan, total profit of 338,37 billion yuan, and ranking 149th on the Fortune World 500.
The China Baowu Building is located at 1859 Expo Avenue in the Pudong New Area. This plot of land is rich in both history and hope. The relocation of Baowu Group to the Expo Park is not just a reaction to Shanghai's desire to construct a central industrial headquarters park, but also a necessity for the company's own development. The Expo Stage is quiet and calm, the ingenious design seamlessly blends the century-old steel factory and modernity, and its unique metallic texture highlights the historical splendor, the hard work of the iron and steel people, and the Baowu people's sense of social responsibility and dedication. The youthful China Baowu Building is powerful and exhilarating in the sunlight, glowing with the light of metal, like a steel being eager to go and cast glory once more.
Yacontee offered China Baowu a Spider Lift. Its tiny structure is ideal for interior design work. The operator is guided to the work area by a double telescopic arm and a small arm structure. The equipment adds value to the building's maintenance and cleaning, and consumers appreciate its safe and dependable performance!