Bao
Steel Group Corporation also known as Baosteel was born
during the time of China’s reforming and opening up to the world. Only after a
day of the closing of the Third Plenary Session of the Eleventh CPC Central
Committee the construction of Baosteel began on the banks of the Yangtze River
in north Shanghai on December 23, 1978.
Today,
after more than thirty years in existence, the firm has become China’s most
competitive iron and steel group with the highest level of modernization.
Baosteel had around 103,401 employees located all around the globe at the end
of 2012. The company’s primary operation is in iron and steel, producing
premium iron and steel products with high technology contents and added values
which has foster three major product lines. These product lines are carbon
steel, stainless steel, and special steel. Baosteel is listed by Fortune
magazine as one of the largest companies in the world.
Heading
this huge enterprise is Xu Lejiang who serves as Chairman. He graduated
from Jiangxi Metallurgy Institute in 1982. Xu went to Western Virginia
University in the US for further studies from 1995 to 1996. He earned his MBA
degree from the joint program of Fudan University and University of Hong Kong
in 2000.
Xu
joined Baosteel Group Corporation in 1982 and has deep managerial expertise in
the steel industry. In November 1998 he
was appointed
director, vice president and member CPC committee of Shanghai Baosteel Group
Corporation. After various promotions Xu became chairman in 2007.
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