Shandong Coking Enterprises Group is set to be established soon

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Shandong Coking Enterprises Group to Be Established Soon 2009-03-17 China Chemical Information Network. According to information from relevant sources, the long-prepared Shandong Coking Enterprises Group is going through the final approval procedures, and it is expected to be established this month. 　　In an interview last November, Wang Qingtao, president of the Shandong Coking Industry Association and chairman of Shandong TieXiong Energy Group, said that the establishment of large-scale coking groups in Shandong is based on 22 key enterprises listed in the relevant official catalog. These enterprises work together with Shandong’s secondary steel mills such as Weigang and Taigang, as well as coal mines, through mutual shareholding to create production bases for coal, coke, and steel, thereby supporting the steel industry in Shandong. Once established, the production capacity will reach 20 million tons per year, making it the largest in the world. However, the form of cooperation at that time had not been determined. 　　According to the latest information obtained by the reporter, Shandong Coking Enterprise Group will rely on 22 key enterprises that have already been granted market access, such as Shandong Tiejiong Energy Group, as well as some other large-scale enterprises, in order to integrate the production capacities of these existing enterprises. These enterprises will be organized into corporate consortia in various forms, such as tight, semi-tight, or loose structures, including parent companies, subsidiaries, affiliated companies, and other members or institutions, thereby achieving the optimal allocation of production factors and social resources. Through continuous innovation in organization, technology, management, capital operation, as well as domestic and international cooperation, it has gradually developed into a large-scale diversified industrial group that integrates coking, coal chemical processing, steel production, and trading. 　　Although the Shandong Coking Enterprises Group has not yet been formally established, some activities initiated by the group are being carried out in an orderly manner. Before the Spring Festival, the Shandong Coking Industry Association, on behalf of 55 coking enterprises in the province, jointly purchased 20 million tons of coking coal from abroad. To alleviate the financial strain on coking enterprises, the bank-enterprise partnerships in the coking industry led by key enterprises have also achieved good results.