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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:
Under Xiang, Tsingshan began to invest in nickel mines in Indonesia during the 2000s, when reserves were still unproven. Tsingshan established nickel and stainless steel production complexes in Sulawesi (the Morowali Industrial Park ), which further lowered the production cost for stainless steel.
The Indonesia Morowali Industrial Park (IMIP) is an industrial park hosting primarily nickel-related industries in Morowali Regency, Central Sulawesi, Indonesia. 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."
A fire broke out on Dec. 24 at a furnace in a smelter operated by Tsingshan Stainless Steel Indonesia, located in the country's largest nickel hub, the Indonesia Morowali Industrial Park (IMIP).
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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]
BYD's president for Indonesia, Eagle Zhao, said the company would "accelerate the construction of a ... The metal is also used to make stainless steel. Indonesia banned the export of raw nickel ...