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The Tsingshan Holdings Group (Chinese: 青山控股, ching-shan) is a Chinese private company active in the stainless steel and nickel industry. Xiang Guangda in 2017. 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:
It is the largest nickel processing site in Indonesia, which is the world's top nickel producer. [1] In 2023, Wired magazine called it "the world's epicenter for nickel production." [2] The park is a joint venture between Indonesian mining company Bintang Delapan Group and the Chinese firm Tsingshan Holding Group. [3] [2]
[1] [4] Tsingshan also established production plants in India and Zimbabwe. [2] Although in the mid-2000s Tsingshan was one of several stainless steel manufacturers in Wenzhou, by 2021 it accounted for nearly one-fourth of the global output, being by far the largest in the industry. [1] Xiang's net worth is estimated by Forbes in 2021 as USD 1. ...
French mining group Eramet acquired the Canadian stake in 2006, and planned to develop the site, but due to low mineral prices the project was put on hold in 2013. In 2017, China's Tsingshan Group signed an agreement, giving it a 57% stake in Weda Bay Minerals, and giving Tsingshan the responsibility to develop mineral processing while Eramet ...
Bintang invested US$1 billion [4] in a partnership with Tsingshan Holding Group to build Indonesia Morowali Industrial Park (IMIP) nickel processing facility in Central Sulawesi [5] which opened in 2015. [6] [7] IMIP employs 30,000 people and operates 20 smelters. [5] As of 2022, Bintang was a 33.75% shareholder in IMIP. [1]
This table reflects the Forbes Global 2000 list, which ranks the world's 2,000 largest publicly traded companies. "The Global 2000" list is assembled based on factors including revenue, net profit, total assets and market value; each element is assigned a weighted rank in terms of importance when assessing the overall ranking.
Location of Indonesia. Indonesia is a unitary sovereign state and transcontinental country located mainly in Southeast Asia with some territories in Oceania. Indonesia's economy is the world's 16th largest by nominal GDP and the 8th largest by GDP at PPP, the largest in Southeast Asia, and is considered an emerging market and newly industrialised country.
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