Taiyuan Iron & Steel (Group) Co., Ltd. (TISCO) is a super-large iron and steel complex in China and a stainless steel producer with the greatest capacity and most advanced equipment and technology known to the world. 6.26 million tons of steel produced in 2006 brought to it 51.8 billion Yuan of sales revenue out of which 6.7 billion Yuan was realized of profits and taxes.

   　 TISCO produces, among others, stainless steel, cold-rolled silicon sheet (coil), hot-rolled carbon steel coil/plate, wheel axle steel, alloyed die steel, military-oriented steel and holds No. 1 market share respectively for stainless steel, stainless steel clad plate, electro-magnetic pure iron, wheel axle steel, checker plate, gas cylinder steel. It stands out as the first in the trade for the competitive cost in producing sinter, pig iron, slab, medium-plate and hot-rolled coil/plate.

   　 As a result and in recognition of unremitting efforts for excellent performance practice and delicate management expertise TISCO was honored as “A Model Unit for Promoting 6? Management in China” and with “National Award of Excellence”, “TG”branded stainless steel products won the title of “The First of the Most Prestigious Stainless Steel Brands in China” and “China Product of Famous brand” in 2006. The stainless steel and other key products have been widely used in petroleum, petrochemical, railway, car-making, shipbuilding, container, coinage and other fields, and found in the state projects such as Qinshan Nuclear Power Station, Three Gorges Dam, “Shenzhou”Spacecraft X and XI.

   　 TISCO quickening its step for international business strategy and widening cooperation with up- and down-stream sectors results in a secured and stable strategic supply chain established; rapid growing momentum of stainless steel further-processing attracts many well-known European and American enterprises for investment. Trading link has been made with 30 more countries and regions such as USA, Germany, France, UK, Japan, ROK and Australia while key products including stainless steel are highly regarded worldwide.

   　 Intensified labor source development and creativity-linked incentive mechanism that come in line with the“515 Project”-based talents strategy TISCO has actively advanced spurs the initiative of each employee and raises competence of whole force.

    　TISCO has a state-level technology center that has a strong force of stainless steel talents with powerful R&D capability. TISCO technology center ranked 11th among 332 enterprise-based technology centers accredited by the state in 2005.

    　TISCO is one of 20 of “Most Community-cared Enterprise” singled out nationwide, for its endeavors to maintain safe production, save energy and cost, protect environment and care for labor health, support and involve widely in public activities.

   　 TISCO’s strategic target is to make it a stainless steel producer of most competitive edges across the world. During the 11th 5-year period TISCO will, following the scientific development theory, intensify its delicate management, informationization and international operation, breaking a path of development aiming for “better quality, more choice, less cost, quicker response and newer product”, towards the early fulfillment of strategic target. Over 100 billion Yuan of annual sales revenue is foreseen by the end of the 11th 5-year period. Making the main stream bigger and stronger by the operation of capital while extending strategic supply chains and sales network under the“go-outbound” strategy, together with the diversified operations in financial, securities, insurance, trading and other sectors, the target is world top 500.