As the result of the amalgamation of the former Pangang Group Chengdu Seamless Steel Tube Co., Ltd. and the former Chengdu I & S Works, Pangang Group Chengdu Iron & Steel Co., Ltd. or PGG CSST, a metallurgical industrial enterprise was officially registered and established on May 22, 2002. The company is in possession of registered capital of 1.56 billion RMB, a total land area of 3.67 square kilometers, a staff size of 18,640 and a total asset amount of 6.19 billion RMB, among which 83% is held by Pangang ( Group ) Corporation and 17% is held by Chengdu Municipal Industrial Investment Operation Co., Ltd. The company’s total revenue and profit of 2002 are 4.07 billion RMB and 0.154 billion RMB respectively.
