J's Co Holdings Holds Strategic Meeting with China's Baigong Group... "Discussing Collaboration in Mineral Business"

Jaysco Holdings announced on the 13th that it held a strategic meeting with China's Baigong Group (Tangshan Baigong Industrial Development Co., Ltd.) to collaborate on mineral business.

According to the company, the meeting involved discussions related to the supply of minerals such as iron ore and tin.

China's Baigong Group, established in 1998 in Tangshan City, Hebei Province, manages the supply chain from stockpiling various minerals including steel, coal, ferroalloys, and nickel ore to logistics and import-export. It has subsidiaries including Qinhuangdao Baigong Iron and Steel Co., Ltd. and Qinhuangdao Baigong Logistics Co., Ltd.

In particular, Baigong Iron and Steel Co., Ltd., founded in 2006, is an integrated steel company that handles steel smelting, rolling processing, as well as logistics. As of last year, it has an annual production capacity of 1.82 million tons of iron ore, 1.51 million tons of steel, 600,000 tons of wire rod, and 850,000 tons of medium-heavy and wide steel plates.

The company explained that since Baigong Group is focusing its sales activities mainly on numerous mineral companies in China, substantial results are expected.

A company representative stated, “Recently, China has been seeking to secure overseas bases to expand its mineral stockpiles, resulting in many collaboration inquiries. We will carry out sales activities to create synergy effects in Jaysco Holdings’ mineral business, including nickel.”