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Baosteel moves ahead in Fortune 500
www.chinanews.cn 2005-07-22 09:41:48
(Source: Xinhua)
(Photo: Baidu)
July 21 - Baosteel, China's largest steel conglomerate based in this
economic hub in east China, ranked 309th among the Fortune 500 for this
year, up from the year-earlier place of 372th, according to company
officials.
It had 19.5 billion US dollars in 2004 takings.
Baosteel revived up capital construction last year and increased the
market share of its high-tech and high-value-added products, the
officials said.
Baosteel produced 21.41 million tons of steel in 2004, up 7.8 percent
from the year-earlier level. It gained 21.9 billion yuan (2.6 billion US
dollars) in consolidated profits upon 161.8 billion yuan (19.5 billion US
dollars) in annual sales income, up 66.3 percent and 34.4 percent
year-on-year.
Among the Fortune 500 steel makers this year, the Baosteel ranked sixth,
following Thyssen Krupp, Ancelor, Nippon Steel Corp., JFE and Pohang Iron
and Steel.
��Baosteel, Yangtze Power join state share sale (2005-06-20)
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