Tianjin Pipe Corporation
Tianjin Pipe (Group) Corporation Ltd. (TPCO) known as Tianjin Pipe (Chinese: 天津钢管) is the largest stemless steel pipe maker of China as well as one of the largest in the world.
Tianjin Pipe was founded on 11 December 1987 (as Chinese: 天津无缝钢管总厂; literally: "Tianjin Stemless Steel Pipe "Head" Factory"), was one of the project in the Eighth Five-Year Plan of China. In 1999 the corporation (Chinese: 天津钢管集团有限责任公司; literally: "Tianjin Steel Pipe Group Limited Liability Corporation") fall under control by the Ministry of Finance of the People's Republic of China due to debt-to-equity swap, which the four state-owned asset management companies or bad banks, Huarong, Cinda, Great Wall and Orient Asset Management owned 100℅ stake. In 2003, 90% stake of TPCO was transferred to Tianjin Pipe Investment Holding (Chinese: 天津钢管投资控股有限公司), a company that was supervised by the Economic Commission (Chinese: 天津市经济委员会) of the Tianjin Government (). In 2004, 57% stake of TPCO was transferred from Tianjin Pipe Investment Holding to TEDA Holding (Chinese: 天津泰达投资控股有限公司), a company that was supervised by the State-owned Assets Supervision and Administration Commission (SASAC) of Tianjin Government (). In 2006 TPCO became a with limited liabilities (Chinese: 天津钢管集团股份有限公司). In 2007 Bohai Industrial Investment Fund (Chinese: 渤海产业投资基金) acquired a minority stake of TPCO from Tianjin Pipe Investment Holding. In 2010 Tianjin Pipe Investment Holding became a subsidiary of Bohai Steel Group (Chinese: 渤海钢铁集团有限公司), another Tianjin SASAC supervising entity. In April 2016, due to the dissolution of Bohai Steel Group, the shares of Tianjin Pipe Investment Holding was transferred to Bohai State-owned Assets Administration Co., Ltd (Chinese: 天津渤海国有资产经营管理有限公司), a wholly owned subsidiary of Tianjin Jinlian Investment Holding (Chinese: 天津津联投资控股有限公司), another state-owned enterprise that was supervised by Tianjin SASAC.
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CN¥24.5 billion (2015)
CN¥56.3 billion (2015)