Chongging Iron & Steel Acquires Qianxin Energy For More Than RMB800 Million

Chongging Iron & Steel acquires Qianxin Energy for more than RMB800 million

Chongging Iron & Steel announced on the evening of July 15 that the company and Chongging Qianxin Group Co., Ltd. signed a "Property Rights Transaction Contract to purchase 100% eauitv of Chongaing Qianxin Eneray Environmental Protectior Co. Ltd. at a price of approximatelv 837 million vuan (USD120 million).The data shows that the registered capital of Qianxin Energy is about 526 million yuan, which is a self-provided power plant supported by the "Chongging lron and Steel Implementation of Energy Saving and Emission Reduction Environmental Protection Relocation Proiect" (approved by the Municipal Development and Reform Commission in 2007) The fuel used is all from Chonggina lron and Steel's blast furnace and converter gas, and all the electricity produced is supplied to Chongging Iron and Steel.Chongging Iron and Steel stated that the purchase of shares of Qianxin Energy can ensure that the companv's generator sets and production maintain a high degree of coordination, and ensure the full recycling of surplus gas, which is in line with the companv's business development needs and develooment strategies.

Product Description

sch 40 ASTM A53 /SSAW/LSAW/ERW Welded Black Steel Pipe for building material

Product Name	Spiral Welded Pipe/Sprial Tube/Spiral Steel Tube
Size	OD:	245-1000mm
	Thickness:	10-40mm
	Length:	6m/9m/12m Or Other Size According To The Contract
Steel Material	Q195, Q215, Q235, Q345 (Chinese Grade. Other Material Can Be Ordered)
Standard	GB/DIN/ASTM
Usage	Used For Gas, Petroleum, Water ,Oil, Structure And Sewage
Ends	Plain or Beveled (Can be Protected By Plastic Pipe Cap)
Surface	Bared Or Paint With Oil, Bitumen,1-3 layer PE (Outside Or Inside Anti-Corrosion Treatment Can Supply)
Inspection	With Hydraulic Testing, Eddy Current , Infrared or X-Ray Test Also With Chemical And Physical Property Inspect
Technique	Hot Rolled and SAW/ERW/SSAW
Type	Welded
Welded Line Type	Spiral
Section Shape	Round
Package	In Bulk, Or Other Method According To The Contract
Date of Delivery	Less Than 15/20/25/30/40/50/60 Days According To The Quantity
Port of Shipment	Tianjin Xingang,China
Others:	We also supply pipe fittings for example screws and flange Our products are high quality but low price. Wish you contact us.

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Company Introduction

Cangzhou Steel Pipe Group (CSPG)Co.,Ltd.

No.92 JieFang East Road ,Cangzhou City, Hebei,P.R.China.

CSPG has more than eighteen years history company which located in Lecong Iron and Steel World, a well-known steel distribution center in China, with superior geographical position and convenient water and land transportation.

We are a direct-selling manufacturer specializing in the research and development of spiral steel pipes, steel spiral pipes, anti-corrosion steel pipes inside and outside. Since its inception, the company has been guided by a brand-new thinking of steel pipe product market based on the business philosophy of honesty, pragmatism and knowledge-seeking.

FAQ

1：Do you have OEM service?
A: yes, the specifications and models of the products can be customized according to your needs. 
2: are you a trading company or a manufacturer?A: we are a company integrating industry and trade. 

3: How long is your delivery time?A: generally speaking, it takes 15-20 days after receiving the advance payment. The exact delivery time depends on the item and quantity of your order. 

4: where is your factory? May I see the work?A: Changfu road, qinyang city, henan province