Baohua bid for the establishment of North China Branch

[Baohua tendering North China Branch was unveiled] on December 10, Baohua tendering North China Branch was unveiled, which marks the completion of the professional integration of bidding agency projects in Taiyuan Iron and Steel Co., Ltd., and the bidding business of TISCO has really entered the Baowu family of China. Leaders of Baosteel Engineering and Taigang Group attended the unveiling ceremony and unveiled Baohua bidding for North China Branch. The relevant responsible persons of the management committee of Baohua bidding and Shanxi comprehensive reform demonstration zone attended the unveiling ceremony.

On December 10, Baohua tendering North China Branch was unveiled, which marks the completion of the professional integration of TISCO bidding agency projects, and the bidding business of TISCO has really entered the Baowu family of China. Leaders of Baosteel Engineering and Taigang Group attended the unveiling ceremony and unveiled Baohua bidding for North China Branch. The relevant responsible persons of the management committee of Baohua bidding and Shanxi comprehensive reform demonstration zone attended the unveiling ceremony.

Baohua tendering is the first group of top four institutions to carry out bidding agency business in China, and it enjoys high popularity, credibility and reputation in the bidding industry. In June 2019, in order to further integrate bidding resources and improve efficiency, China Baowu formally commissioned Baohua bidding to build a unified bidding business platform. After the formal launch of the professional integration work of TISCO Group in July this year, the professional integration working group of TISCO bidding agency project and Baosteel Project jointly created an integration plan and discussed a 100-day plan. After more than four months of efforts, it has completed organizational reform, business process carding, financial management change, information system transformation, government bidding qualification filing, asset delivery and other work. Become the first group of TISCO to complete 100% professional integration 100 days plan.

TISCO said that the professional integration of TISCO's bidding agency business into Baohua bidding will help TISCO to rely on the large-scale and professional advantages of China's Baowu unified bidding platform, improve management efficiency, create collaborative value, and break through the bottleneck of development. Taigang Group will actively give full play to its territorial advantages, help Baohua tender North China Branch to expand territory, and become a bidding consulting organization with the best comprehensive capacity in North China. At the same time, it is hoped that Baohua bidding North China Branch will follow the guiding ideology of integration to produce benefits, integration to improve efficiency, integration to improve service ability, and become a model of integration and integration of industry benchmarking based on TISCO and radiating North China and Baowu of China.

Baosteel Engineering said that Baohua bidding is an important part of Baosteel's three major business development strategies focusing on "engineering and technical services, industrial operation services, and engineering equipment manufacturing". The opening and establishment of the North China Branch will provide strong support for Baohua bidding to provide efficient and convenient localized and personal services to subsidiaries at all levels in North China in accordance with China's Baowu "one base and five yuan" strategic layout. It is hoped that Baohua bidding North China Branch will take this unveiling as an opportunity, rely on the technical accumulation and brand advantages of Baohua bidding headquarters, adhere to high-quality development, and serve TISCO as the starting point. Build the North China Branch into a bridgehead of China's Baowu unified bidding platform in North China.

Author: reporter Shen Wenli

Click to subscribe to SMM China Nickel Industry chain Annual report to master comprehensive and in-depth industry chain data, research information and SMM professional analysis

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn
For more information on how to access our research reports, please contact:service.en@smm.cn
Related News
High-Grade NPI Smelter Profits Squeezed as Ore Prices Rise and Sales Prices Dip
19 hours ago
High-Grade NPI Smelter Profits Squeezed as Ore Prices Rise and Sales Prices Dip
Read More
High-Grade NPI Smelter Profits Squeezed as Ore Prices Rise and Sales Prices Dip
High-Grade NPI Smelter Profits Squeezed as Ore Prices Rise and Sales Prices Dip
[SMM Nickel Flash] Based on nickel ore prices from 25 days ago, smelter profits for high-grade NPI remained high this week. However, from the current raw material side, ore prices from both the Philippines and Indonesia increased, while auxiliary material prices saw a slight pullback, leading to an increase in the cash cost of producing high-grade NPI from spot ore. At the same time, high-grade NPI prices experienced some pullback, making it difficult for smelter profits to see sustained improvement.
19 hours ago
High-Grade NPI Prices Fall, Expected to Stabilize as Chinese New Year Approaches
19 hours ago
High-Grade NPI Prices Fall, Expected to Stabilize as Chinese New Year Approaches
Read More
High-Grade NPI Prices Fall, Expected to Stabilize as Chinese New Year Approaches
High-Grade NPI Prices Fall, Expected to Stabilize as Chinese New Year Approaches
[SMM Nickel Flash] This week, due to a sharp decline in futures triggering arbitrage selling, high-grade NPI prices fell significantly. However, after the selling activity subsided, upstream quotations and the market center gradually returned to normal levels, supported by cost factors. Looking ahead, as the Chinese New Year holiday approaches, market activity is expected to remain subdued, and high-grade NPI prices are projected to hover at highs with limited fluctuations.
19 hours ago
Nickel Prices Drop: SMM 10-12% High-Grade NPI Down 17.2 Yuan, Indonesia NPI FOB Index Falls 2.06 $/mtu
19 hours ago
Nickel Prices Drop: SMM 10-12% High-Grade NPI Down 17.2 Yuan, Indonesia NPI FOB Index Falls 2.06 $/mtu
Read More
Nickel Prices Drop: SMM 10-12% High-Grade NPI Down 17.2 Yuan, Indonesia NPI FOB Index Falls 2.06 $/mtu
Nickel Prices Drop: SMM 10-12% High-Grade NPI Down 17.2 Yuan, Indonesia NPI FOB Index Falls 2.06 $/mtu
[SMM Nickel Flash] The SMM average price of 10-12% high-grade NPI fell 17.2 yuan/mtu WoW to 1,035.8 yuan/mtu (ex-factory, tax included), while the Indonesia NPI FOB index average price dropped 2.06 $/mtu WoW to 131.2 $/mtu. At the beginning of the week, futures hit limit-down, and nickel prices fell sharply WoW, driving the emergence of arbitrage supplies sold at low prices, leading to a significant decline in high-grade NPI prices.
19 hours ago
Baohua bid for the establishment of North China Branch - Shanghai Metals Market (SMM)