Shougang Concord Century Holdings Limited ("Shougang Century") has been listed on The Stock Exchange of Hong Kong Limited since April 1992. Shougang Holding (Hong Kong) Limited and its controlled corporations, and NV Bekaert SA ("Bekaert") and Li Ka Shing Foundation Limited are the substantial shareholders of Shougang Century.
The Group is primarily involved in the following activities:
1. manufacturing of steel cord
2. processing and trading of copper and brass products
3. manufacturing of pre-stressed concrete strands and wires
Corporate's Mission
Shougang Century has cultivated a solid customer base in the Greater China region. With a strong financial position, the strategy of the Group is to, on the one hand, continue to leverage on its comparative advantages to maintain a constant growth for its metallic product business, and on the other hand, take advantage of its established distribution network to further develop the trading business. We will endeavour for further expansion and growth while striking for a balance between risk and efficiency. On the basis of the aforesaid strategy of steadfast growth, Shougang Century will also deploy resources for the development of hi-tech projects relating to metallic products, thereby strengthening the performance of the Group as a whole.
After introduction of Bekaert as our second largest substantial shareholder in 2006 and a strategic investor, Li Ka Shing Foundation Limited in 2008 as another substantial shareholder, Shougang Century's shareholder base is enlarged and the financial position of the Group is strengthened, and also the progress of the implementation of the Group's strategy in its core business of steel cord manufacturing is expedited.
Shougang Century will continue to focus on its core businesses in order to (i) not only maintain itself as one of the main domestic steel cord manufacturers in the mainland, but also develop new overseas market for steel cord products as well; (ii) the market leaders of copper, brass and metal products distribution in Hong Kong and in the Pearl River Delta respectively. In all, the Group will strike to consolidate its leading positions in the investment in both steel wires manufacturing and the trading and processing of copper and brass products in the mainland.
updated 23rd May, 2008
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