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 Headquarters Tianjin, China Total assets 56.3 billion CNY (2015) | |
 | ||
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.