Tsingshan Holding Group
Chinese metals company
From Wikipedia, the free encyclopedia
The Tsingshan Holdings Group (Chinese: 青山控股, ching-shan) is a Chinese private company active in the metallurgical industry, namely stainless steel, nickel, and aluminium.
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| Company type | Private |
|---|---|
| Industry | Stainless steel, nickel |
| Founded | 1988 |
| Founders | Xiang Guangda |
| Headquarters | , |
Area served | Worldwide |
Key people | Xiang Guangda (CEO) |
| Revenue | US$28 billion[1] (2018) |
Number of employees | 56,000 (2018) |
| Website | tssgroup |
| Tsingshan Holding Group | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| Traditional Chinese | 青山控股集團有限公司 | ||||||||
| Simplified Chinese | 青山控股集团有限公司 | ||||||||
| Literal meaning | Green Mountain Holdings Group Company Limited | ||||||||
| |||||||||
Tsingshan Holdings was founded in 1988 by Xiang Guangda in Wenzhou.[2] It moved into the Indonesian nickel industry in 2009.[3]
Among its assets are:
- Bases for nickel-chromium alloy smelting, stainless steel smelting and steel rolling in Lishui, Fuyang, Yangjiang and Qingyuan
- A share in the Morowali Industrial Park - a nickel processing facility with at least 20 smelters in Morowali Regency, Sulawesi, part of the Belt and Road Initiative[4][5]
- The company also has a joint venture with another Chinese group, Huafon, for an aluminium smelter there which was commissioned in 2023. Another smelter is planned to start production in 2026.[6][7]
- Chrome ore mines in Zimbabwe
- Sales outlets in Foshan, Wenzhou, Shanghai and Wuxi[8]
In 2017 Tsingshan was reported to be the world's largest producer of ferro-nickel and the second-largest manufacturer of stainless steel.[9]
Tsingshan was ranked 279th in the Fortune Global 500 for 2021.[10] It was described in 2022 as the world's largest nickel producer.[11]
In early 2022, Tsingshan experienced financial difficulty after shorting the price of nickel, only to see it rise.[12][13][14] The firm took losses of about US$1 billion, and later disbanded its internal futures trading team.[15]