History
Formerly "Jiangsu Shagang Group Company Limited", it was established in 1975 with self-financing of only $450,000 Yuan. At the end of 2007, it employs over 26,700 staff, covers an area of 10 km2, and has total assets over RMB100 billion Yuan.
The company drew the world's attention in 2001 when it acquired a steel mill (the Dortmund-Hörde plant) from German industrial giant ThyssenKrupp for 30 million euros and shipped its equipment to China where it was reassembled and resumed operation.
Read more about this topic: Shagang Group
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