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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."
The C4ADS report found that two Chinese companies, Tsingshan Holding Group and Jiangsu Delong Nickel Industry Co Ltd, accounted for more than 70% of Indonesia's refining capacity as of 2023.
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).
PALU, Indonesia (AP) — Indonesian police on Monday named two Chinese nationals as suspects in the explosion of a smelting furnace at a Chinese-owned nickel plant on Sulawesi Island that killed ...
Top steel producing companies. This is a list of the largest steel-producing companies in the world mostly based on the list by the World Steel Association.The list ranks steelmakers by volume of steel production in millions of tons over time and includes all steelmakers with production over 10 million in 2021.
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.