Rahul Sharma (Editor)

Tianjin Pipe Corporation

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Type
  
State-owned enterprise

Products
  
stemless steel pipes

Revenue
  
24.5 billion CNY (2015)

Founded
  
11 December 1987

Total equity
  
7.6 billion CNY (2015)

Industry
  
Manufacturing

Operating income
  
CN¥60.6 million (2015)

Headquarters
  
Tianjin, China

Total assets
  
56.3 billion CNY (2015)

Parent organization
  
TEDA Holding

Tianjin Pipe Corporation wwwtpcocomcnimagesgggx20121202jpg

Formerly called
  
Chinese: 天津无缝钢管总厂 Chinese: 天津钢管集团有限责任公司

Profit
  
(CN¥21.7 million) (2015)

Subsidiaries
  
Tianjin Sai-rui Machinery Equipment Company Limited

Tianjin Pipe (Group) Corporation Ltd. (TPCO) known as Tianjin Pipe (Chinese: 天津钢管) is the largest stemless steel pipe maker of China as well as one of the largest in the world.

Contents

History

Tianjin Pipe was founded on 11 December 1987 (as Chinese: 天津无缝钢管总厂; literally: "Tianjin Stemless Steel Pipe "Head" Factory"), was one of the project in the Eighth Five-Year Plan of China. In 1999 the corporation (Chinese: 天津钢管集团有限责任公司; literally: "Tianjin Steel Pipe Group Limited Liability Corporation") fall under control by the Ministry of Finance of the People's Republic of China due to debt-to-equity swap, which the four state-owned asset management companies or bad banks, Huarong, Cinda, Great Wall and Orient Asset Management owned 100℅ stake. In 2003, 90% stake of TPCO was transferred to Tianjin Pipe Investment Holding (Chinese: 天津钢管投资控股有限公司), a company that was supervised by the Economic Commission (Chinese: 天津市经济委员会) of the Tianjin Government. In 2004, 57% stake of TPCO was transferred from Tianjin Pipe Investment Holding to TEDA Holding (Chinese: 天津泰达投资控股有限公司), a company that was supervised by the State-owned Assets Supervision and Administration Commission (SASAC) of Tianjin Government. In 2006 TPCO became a joint-stock company with limited liabilities (Chinese: 天津钢管集团股份有限公司). In 2007 Bohai Industrial Investment Fund (Chinese: 渤海产业投资基金) acquired a minority stake of TPCO from Tianjin Pipe Investment Holding. In 2010 Tianjin Pipe Investment Holding became a subsidiary of Bohai Steel Group (Chinese: 渤海钢铁集团有限公司), another Tianjin SASAC supervising entity. In April 2016, due to the dissolution of Bohai Steel Group, the shares of Tianjin Pipe Investment Holding was transferred to Bohai State-owned Assets Administration Co., Ltd (Chinese: 天津渤海国有资产经营管理有限公司), a wholly owned subsidiary of Tianjin Jinlian Investment Holding (Chinese: 天津津联投资控股有限公司), another state-owned enterprise that was supervised by Tianjin SASAC.

TPCO had one of the largest Chinese industrial investment in the United States. TPCO America had a share capital of US$298,610,935.84, build a new plant located in Gregory, Texas.

Joint Venture

Tianjin Pipe Corporation formed a joint venture (Chinese: 江苏天淮钢管有限公司) with Huaigang Special Steel. TPCO owned 60% stake. Huaigang sold the stake to a third part in 2015. Tianjin Pipe Corporation also formed two joint ventures Tianjin TISCO & TPCO Stainless Steel (Chinese: 天津太钢天管不锈钢) and Tianjin TPCO & TISCO Welding Pipe (Chinese: 天津天管太钢焊管) with Taigang Stainless Steel in a 35–65 ratio (via a subsidiary (Chinese: 天津大无缝投资)) and 50-50 ratio respectively.

Shareholders

As of 21 April 2016
  • State-owned Assets Supervision and Administration Commission of Tianjin Government (84.27%)
  • via wholly owned subsidiary TEDA Holding (57.00%)
  • via wholly owned subsidiary Tianjin Bohai State-owned Assets Administration (27.27%)
  • a consortium of the Ministry of Finance of the People's Republic of China (10%)
  • China Cinda Asset Management (6.11%)
  • China Orient Asset Management (3.03%)
  • China Great Wall Asset Management (0.43%)
  • China Huarong Asset Management (0.43%)
  • Bohai Industrial Investment Fund (5.73%)
  • References

    Tianjin Pipe Corporation Wikipedia