Tianjin Port Group Holding hand Bohai Iron and steel Group

September 11, Tianjin Port (600717. SH) The parent company Tianjin Port Group and the Bohai Iron and Steel Group signed the Comprehensive Strategic Cooperation Agreement, according to the agreement, the Bohai Iron and steel Group main metallurgical raw materials ore, the coal, the Coke Port logistics business will take the priority through the Tianjin port, at the same time, Tianjin Port provides the high quality　　Efficient port Operation service.　　In addition, the cooperation between the two sides also involves logistics and transportation, engineering construction, metallurgical products trading platform, overseas project development and so on. Under the cooperation agreement, the two sides will jointly fund the construction of port machinery, marine heavy equipment, high-grade steel structure, wind power equipment and other projects to promote heavy industry equipment manufacturing, port handling logistics, overseas market development and other aspects of cooperation to enhance the competitiveness of enterprises.　　The two sides of the total investment of 1 billion yuan, first started the port machinery and equipment manufacturing project, planned for October 2010, completed in the first half of 2011.　　As one of the main industries of Tianjin port, because of the decline of China's iron ore import volume in 2010, CICC predicts that the iron ore throughput of Tianjin port will decline 10% year-on-year under the influence of high base in 2009.　　In the long run, Tianjin Port iron ore throughput is also not optimistic, on the one hand, because of Caofeidian, Beijing-Tang demand is not more than 220 million tons, so the northern ports of the ore business is facing excessive competition situation.　　Known as China after the Yangtze River Delta, the Pearl River Delta after the third economic growth pole, the Bohai Sea area facing, Huanghua, Yantai, Dongjiakou are in the construction of large ore berths, 2010-2012 new authorized capacity of not less than 110 million tons/year, the actual new capacity of not less than 220 million tons.　　But the long-term growth of China's mineral imports can only maintain the 10%~12%,2010-2012 annual new throughput of the opportunity, and the competition between the port is increasingly fierce, strategic cooperation is an effective means of competition. Tianjin Port is the north of China's container trunk line port, is also China's largest coke export port and the second largest iron ore import port, in the first half of 2010, the company achieved operating income of 5.493 billion yuan, increased 28.51% from the same period last year　　To achieve a net profit of 440 million yuan, 2009 in the first half of 345 million yuan growth of 27.35%. Bohai Iron and Steel Group was established in July 2010 by the Tianjin Steel Pipe Group, Tianjin Iron and steel group, Tianjin Tin Iron Metallurgical Group and Tianjin Metallurgical Group Four state-owned iron and steel enterprise resources jointly formed.