Guangxi Shenglong Metallurgy Co Ltd is located in the city of Fangchenggang, Guangxi Zhuang autonomous region. [Photo/fcgsnews.com]
Founded in 2003, Guangxi Shenglong Metallurgy Co Ltd is a joint-stock private enterprise invested by Fujian Wugang Group and private entrepreneurs from Fujian province. It is one of the key projects introduced by the Guangxi Investment Promotion Agency during the Great Western Development Strategy.
With a registered capital of 3 billion yuan ($446.5 million), the company’s total industrial output value was expected to reach 55 billion yuan after its industrial upgrading and technical transformation.
Since 2010, the company has been striving towards technical improvement with the support of local policy. It has reached strategic cooperation with the China Iron and Steel Research Institute, Beijing University of Science and Technology, and other colleges and universities to promote advanced alloying techniques, as well as to promote the research and development of new special steel.
The company has achieved an increased resource utilization rate and a pollutant discharge reduction. It has also achieved key benefits towards lowering costs and enhancing economic performance, winning awards and the titles of “Guangxi’s excellent industrial enterprise”, “Guangxi’s famous-brand product”, and “New high-tech enterprise”. In 2018, the company was ranked 499th among the top 500 Chinese enterprises, 240th among the top 500 private enterprises in China, and first among the top 100 private enterprises in Guangxi.
In recent years, the company has been actively involved in the Belt and Road Initiative, and it invested in an iron and steel project with an annual output of 3.5 million metric tons in Malaysia, which was put into operation in May 2018. The project was a big push for bilateral economic and trade cooperation for China and Malaysia, which was expected to achieve mutual benefits and win-win cooperation for both sides.
In 2018, it has maintained a sustained, healthy, and stable development, with an operating income of 31.15 billion yuan ($4.64 billion).
Address: Fangchenggang Economic and Technological Development Zone, Fangchenggang, Guangxi Zhuang autonomous region
Tel: +86-770-2808888
Fax: +86-770-2808157
E-mail:wanxinsteel@163.com
Official Website: www.gxslyj.com/index.aspx (Chinese)