OREANDA-NEWS. March 26, 2012. Metal packaging business is one of the important business sections under Baosteel Metal. Baosteel packaging is the famous brand in the metal packaging field in our country and also the domestic leading enterprise which is specially engaged in the high-end metal packaging. In recent years, Baosteel Packing has been developing continuously and fast, formed the core competitiveness in the technology research and development and initially completed the strategic layout in the whole country in the production base and sales network and possessed the powerful network resource for the users such as Coca-Cola and Wang Lao Ji etc., reported the press-centre of Baosteel.

Since Baosteel packaging made preparations for IPO project, a large number of preparations have been carried out in the first period with the efforts of the related departments and project teams. The company completed the reformation in December, 2010 and was established into a stock company. In 2011, the company started up the private equity and finally succeeded in introducing five famous investment institutions such as IDG Capital, Gold Stone Investment and Warburg Investment etc. All the above have laid a good foundation for Baosteel Packaging to enter the market successfully.

It is most important for IPO project of Baosteel Packaging this time to promote the company to realize the span type development with the aid of the capital market. IPO project is the strategic objectives for Baosteel Metal to realize to become the leader of the domestic metal packaging field and also the important measures to expand continuously in the next stage and the measures of the global strategic layout. Most importantly, it has the important benchmarking role and demonstration effect for Baosteel Metal and even for the diversified development and capital operation of Baosteel.