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Xinxing Ductile Iron Pipes Co., Ltd.

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Summary:Xinxing Ductile Iron Pipes Co., Ltd. (Hereinafter shorted as Xinxing) is exclusively lanched and established by Xinxing Cathay International Group.( The Primary Xinxing Pipes Group).
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Xinxing Ductile Iron Pipes Co., Ltd. (Hereinafter shorted as "Xinxing") is exclusively lanched and established by Xinxing Cathay International Group.( The Primary Xinxing Pipes Group). The predecessor was a military steel plant founded in 1971. The company listed in Shenzhen Stock Exchanges in 1997. The present capital is 1,916,871,574 shares, and Xinxing Cathay International Group holds 50.01% .

Xinxing Pipes International Development Co., Ltd. is established in Beijing in March 2012. The company's predecessor is International Trade Department of Xinxing Ductile Iron Pipes Co., Ltd. The new established company is responsible for international sales of ductile iron pipes, ductile iron fittings, steel gratings, special steel products, valves and other products.

Over the years, Xinxing expands and improves the industrial chain and value chain under the strategic guidance of " Based on iron and steel, Oriented by ductile iron pipes" . Through strategic acquisitions, recombination, holdings, equity participation etc, Xinxing now has Wuhu Xinxing Pipes Co., Ltd, Taojiang Xinxing Fittings Co., Ltd. and Huangshi Xinxing Pipes Co., Ltd three production bases covering East China and South-central China; having Chuanjiang Pipes Co., Ltd in Sichuan Province, Xinjiang Jinte Steel Co., Ltd, Xinxing Pipes(Xinjiang) Resources Development Co., Ltd, Xinxing Pipes Xinjiang Co., Ltd four production bases covering Southwest China and Northwest China.

History

1971
The predecessor of Xinxing Ductile Iron Pipes Co., Ltd — the 2672 Factory — was founded in Taihang Mountain, with the designed annual capacity of 100,000 tons of steel.

1989
Implementation of "self design, self manufacture, self construction, work hard and accumulative development" strategy. Self-raised 320 million Yuan funds and smoothly completed technological innovation of 300,000 tons of steel , achieving economies of scale.

1992
Merged with Shanxi Changzhi 7445 Factory.

1993
The first water-cooled ductile iron pipe production line was put into production, and the first batch of pipe was launched on the market. During this period, the company attracted foreign investment of 250 million Yuan through joint ventures, merged state-owned assets of nearly 500 million Yuan, profits and depreciation of investment totaled 190 million Yuan. The company completed a total of 17 key technological innovation projects with the total investment of 440 million Yuan. The implementation of low-cost expansion raised production capacity fro m 40,000 tons to 100,000 tons rapidly, and launched the Shijiazhuang large diameter pipes project and Handan gas pipe project. Xinxing Ductile Iron Pipes Associates was founded in this year.

1995
Merged with the Handan Petrochemical Machinery Plant and established the Handan Xinxing Chemical Machinery Co., Ltd. Hebei Xinxing Ductile Iron Pipes Co., Ltd passed ISO9002 quality certification. Together with Shijiazhuang 6410 Factory, the joint venture company of Shijiazhuang Xinxing Ductile Iron Pipes Co., Ltd was established.

1996
The company was transformed into Xinxing Ductile Iron Pipes (Group) Co., Ltd.

1997
Xinxing Ductile Iron Pipes Co., Ltd. was restructured and listed in the Shenzhen Stock Exchange, raising funds of 768 million Yuan. Merged with Hunan Taojiang Metallurgical Machinery Plant and established the Taojiang Xinxing Fittings Co., Ltd.

1998
Merged with the joint venture company of Xinxing Nisseki Co., Ltd

1999
The world's largest centrifuge with Xinxing's all intellectual property rights was developed successfully in Xinxing. It can produce 8-meter-long DN2000 pipes and the pressure test was passed at one time in the Taiyuan Yellow River Diversion Project. Export contracts for complete sets of ductile iron pipe manufacturing were signed with India and Malaysia, signifying the leap fro m technology introduction to technology export.

2000
Formed the production capacity of 800,000 tons of steel and 350,000 tons of ductile iron pipes and realized the industrial intensive operation, which greatly promoted the implementation of the development strategy, realizing the goal of "top three ductile iron pipes companies" 3 years ahead.

2001
Raised 479 million Yuan by another allotment for the "150,000 tons of pipe project and the steel technical transformation project" and formed the production scale of 500,000 tons of pipes and one million tons of steel.

2003
Reorganized the Wuhu Steel plant and Wuhu Coking Gas Co., Ltd. into Wuhu Xinxing Ductile Iron Pipes Co., Ltd, whose capacity of production is 500,000 tons per year.

2004
Wuhu Xinxing Ductile Iron Pipes Co., Ltd's 0.4million-ton ductile iron pipes production line was completed, thus Xinxing Ductile Iron Pipes Co., Ltd's 1.1million-ton ductile iron pipe project went into operation and the production capacity ranked the first in the world ductile iron pipe industry.

2005
Signed a strategic cooperation agreement with China Sinosteel Group

2007
Signed a strategic cooperation agreement with Erdos Xijin Kuangye Co.,Ltd and reorganized Sichuan Construction Pipe Co., Ltd., whose capacity of the production is 100,000 tons per year.

2008
Reformed Hubei Huangshi Ductile Iron Pipes Co., Ltd., whose capacity of production is 150,000 tons per year. With the development of Handan Ductile Iron Pipe production base, the total production capacity of ductile iron pipe of Xinxing Ductile Iron Pipe Co., Ltd now raised to 1,550,000 tons per year with totally 6 production bases.

2009
Hebei Xinxing Ductile Iron Pipe succeeded in technical innovation of small diameter ductile iron pipe internal polyurethane spray which the technical and equipment are considered as world's leader; Huangshi Xinxing Ductile Iron Pipe succeeded in developing of DN1000-DN1600 hot mould technical and put into operation; Wuhu Xinxing Ductile Iron Pipe was indentified as national high-tech enterprise by the government.

2012
Xinxing Pipes International Development Co., Ltd. is established in Beijing in March 2012. The company's predecessor is International Trade Department of Xinxing Ductile Iron Pipes Co., Ltd. The new established company is responsible for international sales of ductile iron pipes, ductile iron fittings, steel gratings, special steel products, valves and other products.

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Xinxing Ductile Iron Pipes Co., Ltd. (Hereinafter shorted as Xinxing) is exclusively lanched and established by Xinxing Cathay International Group.( The Primary Xinxing Pipes Group).

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