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Jiangsu Chengde Steel Pipe Co.,Ltd. would optimize business structure, make better use of large-caliber business advantage, and nurture and develop large-caliber international competitiveness of the business. After the consent of original company shareholders, we establish Yangzhou Chengde Steel Pipe Co.,Ltd. on the basis of Jiangsu Chengde Steel Pipe Co.,Ltd., and have the Main business of Φ219 mm above seamless steel pipe.
▪ May 2006, Jiangsu Chengde Steel Pipe Co.,Ltd. launched the private reorganization and listed of the preparatory work.
▪ October 11, 2006, After Yangzhou City Jiangdu Administration for Industry and Commerce approved, we established Yangzhou Chengde Steel Pipe Co.,Ltd. and had registered capital 20 million yuan.
▪ December 23, 2006, Yangzhou Chengde Steel Pipe Co.,Ltd. introduced capital investors Carlyle Group US, Both sides signed "Yangzhou Chengde project memorandum of understanding" in Shanghai.
▪ January 12, 2007, after the completion of replenishment, Yangzhou Chengde Steel Pipe Co.,Ltd. has registered capital of 20 million yuan to 160 million yuan.
▪ February 28, 2007, Yangzhou Chengde Steel Pipe Co.,Ltd. and Carlyle Group US signed "equity purchase agreement, joint venture contract, joint-venture statute", and a series of documents in Jiangdu.
▪ March 5, 2007, Jiangsu Province Development and Reform Commission approved Yangzhou Chengde Steel Pipe Co.,Ltd. M&A project (Su industrial No. 272 [2007]).
▪ March 13, 2007, the Office of Foreign Trade and Economic Cooperation Commission Jiangsu Province agreed and approved of establishing a Sino-foreign joint ventures Yangzhou Chengde Steel Pipe Ltd. (Su foreign trade financing No. 192 [2007]).
▪ March 14, 2007, after the Yangzhou Administration for Industry and Commerce Jiangsu Province approved, we established Sino-foreign joint ventures Yangzhou Chengde Steel Pipe Ltd., which had 160 million yuan registered capital.
▪ April 2007, Yangzhou Chengde Steel Pipe Ltd. and Carlyle Group US completed the final delivery conditions, and capital fund.
▪ JAN 2009，The second phase project operated, which total investment is 1.5 billion. Raw material of Ф600，Ф700，Ф800 continuous billets or forging billets used to product large OD and thin wall boiler pipes, CNG pipes, line pipes and the bearing pipe of wind power generation. This product line will be the biggest and lowest cost large OD seamless pipe with improvement of this project.
▪ JAN 2010, American PCC group acquired Carlyle’s 49% stake then acquired another 1% from Yangzhou Chengde.
▪ 2010，the third phase project of “The forging-rolling unite product line for large OD bar” would continue expanding industrial chain and extending product structure.
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