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Tianjin Pipes posts profits of CNY 2.388 billion in 10 months
enorth.com.cn   2008-12-03 10:16


It is reported that Tianjin Pipe Corporation keeps a more than 30% growth rate for 9 years in a row. During January to October TPCO has realized the output value of CNY 32.7 billion up by 44% YoY and the total profits of CNY 2.388 billion up by 6.5% YoY.

The company owns the most advanced steel products research institute among the world steel industry, with 0.1 million tonnes per year of new products sending into the market.

At the moment, there are 26 steel grades and ten thousand specifications after several years’ development. In addition, its oil casing pipe grasps a 50% around domestic market share, with a quarter of the products exporting to 90 countries and regions. It is expected to produce 2.7 million tonnes of seamless steel pipe this year and more than 3.5 billion tonnes of next year.

The company has successively established a batch of subsidiaries in Dongli district, which contributes a lot to the local taxation, totaling CNY 0.2 billion by the end of Q3 this year.


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Editor: Zhang Jialu

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