A Chinese iron and steel producing giant, Citic Pacific was founded in 1990 and is headquartered in Hong Kong island, Hong Kong.
Citic Pacific is a diversified company focusing primarily on special steel manufacturing, estate property and iron ore mining, supplying the raw material needed in the manufacture of special steel and real estate development in China involves in the manufacture, production, and sale of iron and steel. It operates in four areas:
• Special Steel
• Iron Ore Mining
• Real Estate Development
• Other Business divisions.
It has two diverse steel plant located at Xingcheng Special Steel and Xin Yegang. Citic group has 58% majority share in the company with other shareholder spread all across the world.
Sales: $51.9 bn
Profits: $5.1 bn
Assets: $767 bn
Sales-assets weighed average of the top companies form the Iron and Steel Sector