[SMM Express] "Southwest stainless Steel" reorganized "Sichuan Fengchen stainless Steel"

SMM1, March 3: according to market sources, Sichuan Yichen stainless Steel Co., Ltd. opened today, its predecessor is Southwest stainless Steel, the company mainly engaged in stainless steel, carbon steel smelting, Calendering, raw material procurement; scrap acquisition, sales; metal and non-metallic mineral products mining, sales (except restricted or prohibited by the state); self-management and agent metallurgy, machinery goods and technology import and export.

According to the national enterprise credit information publicity system, Sichuan Yichen stainless Steel Co., Ltd., the legal representative is Liu Chuansheng, the registered capital is 800 million yuan, the business term begins on November 29, 2019.

Status of shareholders and companies:

It is reported that Sichuan Zichen stainless Steel Co., Ltd. was formerly Sichuan Southwest stainless Steel Co., Ltd. (southwest stainless Steel). According to public information, Sichuan Southwest stainless Steel Co., Ltd. was established in February 2004. It is the holding subsidiary of Sichuan Jinguang Industrial (Group) Co., Ltd., one of the "30 key contact enterprises" of the provincial government. In 2011, Southwest stainless steel produced 630000 tons of stainless steel hot rolled plate and 340000 tons of pickled white rolls, with a sales income of 12.5 billion yuan. In addition, the company is making every effort to build the second phase of 700000 tons / year stainless steel strip annealing pickling production line project and hot rolling technical transformation project, planned for 3-5 years, the formation of stainless steel smelting, stainless steel hot rolling, annealing pickling as one of the stainless steel industry chain, to achieve sales revenue of 30 billion yuan, profits and taxes of 3 billion yuan. However, due to operational difficulties, Sichuan local court declared Sichuan Southwest stainless Steel Co., Ltd. Bankrupt.

After many times of losing the auction, Chengdu Hengruixingyu Industrial Co., Ltd. finally won the highest bid for the project "(broken) the fixed assets, intangible assets, inventory and so on in the factory area of Sichuan Southwest stainless Steel Co., Ltd." carried out by the Shawan District people's Court of Leshan City on April 16, 2019 through the bidding number P4968.

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