OREANDA-NEWS. July 19, 2012. Shanxi BaoTi New Metal Development Co., Ltd., a new achievement between BaoTi Co., Ltd and Shanxi Taigang Stainless Steel Co., Ltd., held the unveiling ceremony. The chairman of TISCO Mr. Li Xiaobo, secretary of the Party committee Mr. Yang Haigui, the chairman of Shannxi Non-ferrous Metals Holding Group Co., Ltd. and BaoTi Group Mr. Huang Xiaoping, and the vice chairman Mr. Ma Baoping inaugurated the company, reported the press-centre of TISCO.
     
At 11:00 am on that day, guests and friends get together in the conference center of Garden International Hotel. The representatives of both cooperation partners, dozens of invited clients, and representatives of related companies witnessed the joyful moment.
     
The attendees from TISCO are Mr. Gaoxiangming, the GM of TISCO, Mr. Liu Fuxing, the GM of STSS, Mr. Chai Zhiyong and Mr. Zhang Zhifang, the vice presidents of STSS, and Mr. Yang Guilong, the chief accountant of STSS.
      
The representatives from Shannxi Non-ferrous Metals Holding Group Co., Ltd are Mr. Zhou Wuzhuang, the GM of the Group, Mr. Jia Shuanxiao, the GM of the stock corporation, Mr. Wang weiqi and Zhao Jianmin, the vice president of the stock corporation, and Mr. Yan Chengling, the vice chief engineer of the stock corporation.
 
Representatives from other companies, including Jiangsu DaMing, China Mine, Wuxi BaoChang, Shanghai Sensong and etc., also attended the ceremony.
      
The chairman of Shanxi BaoTi New Metal Development Co., Ltd. Mr. Yan Ping gave a brief introduction to the company.
      
Shanxi BaoTi New Metal Development Co., Ltd is jointly incorporated by Baoji Ti Industry Co., Ltd. (of Shannxi Non-ferrous Metals Holding Group Co., Ltd. ) and Shanxi Taigang Stainless Steel Co., Ltd. (of TISCO) with a total investment of 200 million Yuan, among which 51% is from BaoTi and 49% is from TISCO. The main businesses of the joint venture include R&D, production and distribution of Ti, stainless steel, Ti alloy, steel product, metal product and technical consultation, it also covers the import and export businesses of raw material, auxilary material, general mechnical equipment, instrument, fittings, technology and goods.
     
Mr. Gao Xiangming pointed out that with the changes in economic and commercial environments, the amalgamation and penetration of different industries would become closer and more thorough; no company could get success on its own. TISCO had always believe in such a concept that partner’s success is TISCO’s success. TISCO sincerely expected to move forward with Shannxi Non-ferrous Group shoulder to shoulder and set an nonesuch example of sincere cooperation for up and down streams enterprises. New material industry is an important direction for the development of national “twelfth-five” strategic new industry. There is a vast space for the development of Shanxi BaoTi New Metal. Mr. Gao Xiangming denoted that, TISCO would offer energetic support to the operation of the new company. He hoped that the new company complete the operation system in a short period, strengthen the operation management, and fulfil the expected profit target as early as possible.
 
Zhou Wuzhuang also made speech in the ceremony. He stated that, TISCO is the worldwide biggest stainless steel producer with most advanced equipment and most complete variety, it is a big steel complex of iron mine exploration, steel production, process, distribution and trade. BaoTi is the nationwide biggest production and research base for rare metals, esp. for Ti and Ti alloy, it is the unique nation level high-tech enterprise with complete Ti industry chain of “sponge Ti --- smelt and cast --- forging --- Ti product processing --- equipment manufacturing and finishing processing products”.

The two companies shared resources and complement advantages, jointly devoted to the development of new products of Ti, stainless steel and Ni, consummated their industry systems, actulized the alliance between the two giants. It for sure would have active and profound impact to the progress and development of the two industries. The new company would facing a bright future.