Company announced the establishment of the steel pipe Division in Tianjin Pipe Corporation. (hereinafter referred to as "TPCO"). This means that CITIC Pacific Special Steel Group has opened the door to build the third ace product - energy steel.
"The establishment of the steel pipe division is the group's first deep professional integration of cross-enterprise production units, which is not only an important measure for the group's strategic layout and organizational structure optimization, but also an important opportunity for the steel pipe to unify the idea, gather strength and collaborate, marking the group's professional integration operation has entered a new era." At the establishment meeting of the steel Pipe Division, Qian Gang, Party secretary and chairman of CITIC Pacific Special Steel Group, said that the establishment of the steel pipe Division is a major event for the group to accelerate the development of the steel pipe sector and deeply implement the integration strategy, and it is also a good thing and event for the group to cultivate new synergies and make the special steel industry bigger and stronger.
It is understood that Shanghai Electric Group Steel Pipe Co., Ltd. is a platform company specially established by Shanghai Electric Group for holding Tianjin Pipe Corporation, and its core assets are 51.02% of the shares held by TPCO. Tianjin Pipe is a leading domestic oil casing production enterprise with complete specifications, which can keep pace with the world's leading seamless steel pipe enterprises in the international market. It has a strong market competitiveness and influence in energy pipes, and has a high product market share. It is one of the leading enterprises in the seamless steel pipe industry in China and even in the world. It enjoys high international brand recognition and popularity.
The successful acquisition of Tianjin Pipe is a key step for CITIC Pacific Special Steel Group to enhance the brand influence and industry competitiveness of seamless steel pipes, and an important move to further promote the high-quality development of enterprises. With this merger and acquisition as the focus, CITIC Pacific Special Steel Group will focus on the development of special seamless steel pipe business, rapidly expand the size of the sector and competitive advantage. According to reports, Citic Pacific Special Steel Group plans to build energy steel into the third ace product after bearing steel and automotive steel during the "14th Five-Year Plan" period.
At present, Tianjin Pipe has MPM, PQF, ASSEL and REM 4 models, 7 sets of seamless steel pipe production lines, covering all tube rolling models. Among them, the PQF three-roll high-precision continuous rolling pipe unit represents the leading level of equipment performance and process technology in the global seamless steel pipe industry.
Tianjin Pipe adheres to the research and development concept of "specialized, special and new, continuing to lead", creates an enterprise technology center, creates an advanced whole process intermediate test line in the world steel pipe industry, and grasp the core technology of independent intellectual property rights, which can provide complete supporting solutions for seamless steel pipes needed for global energy development. The company has developed a large number of TP series high-end products with high quality performance such as anti-corrosion and anti-crushing, and is widely used in the core parts of ultra-deep Wells, thermal recovery Wells, gas storage Wells and other projects, and has achieved continuous breakthroughs in "stuck neck" products such as special buttons and ultra-deep Wells, deep sea and other fields.
