Guangxi Beigang New Materials Co., Ltd. (BG New Materials), a major stainless steel production base in southwest China, has rapidly risen in recent years within the domestic and international stainless steel industry thanks to its comprehensive industrial chain, rapidly growing production capacity, and commitment to green development.
Company Overview
Beigang New Materials was established in 2009 and is headquartered in the Tieshan Port (Linhai) Industrial Park in Beihai City, Guangxi. Affiliated with the state-owned Beibu Gulf International Port Group, the company is a leading enterprise supporting the Guangxi Zhuang Autonomous Region and a key pillar of the local steel industry. According to research institutions, Beigang New Materials’ crude stainless steel production capacity in 2022 was approximately 2.951 million tons. Leveraging Tieshan Port’s superior maritime logistics, the company has established a complete stainless steel production process, from laterite nickel ore smelting and steelmaking to hot and cold rolling, with an annual production capacity of nearly 3 million tons.
Industrial Layout and Production Base
Beigang New Materials’ production base covers approximately 4,000 mu (approximately 267 hectares) and currently employs over 4,000 people. It boasts multiple electric arc furnace steelmaking, continuous casting and rolling, and hot and cold rolling production lines, capable of producing a wide range of stainless steel products, including 200, 300, and 400 series. The company’s products cover a wide range of specifications, including hot-rolled coil, cold-rolled coil, pickled steel, and BA bright steel. They are widely used in the petrochemical, energy, food, pharmaceutical, construction, and home appliance manufacturing sectors.
Production and Revenue
- 2022: Stainless Steel Production Exceeds 3 Million Tons for the First Time
In 2022, Beigang New Materials’ stainless steel production exceeded 3 million tons, with an output value of RMB 76 billion. In July 2023, Beigang New Materials was recognized as one of Guangxi’s first chain-leading enterprises. Leveraging the shipping advantages of Beihai Tieshan Port, Beigang New Materials plans to develop a “China-ASEAN Special Steel New Materials Ecological Park” with Beigang New Materials at its core, aiming to create a 100 billion yuan stainless steel industry cluster. - 2023: Efficient Operations and Cost Reduction and Efficiency Improvement
By the end of 2023, Beigang New Materials will have achieved 2.72 million tons of billet production, 2.59 million tons of rolled steel, and 900,000 tons of cold-rolled steel, with product sales reaching 2.65 million tons. That year, Beigang New Materials achieved revenue of 22.7 billion yuan and an industrial output value of 79.1 billion yuan.
Product System and Technological Advantages
Beigang New Materials’ stainless steel products primarily include the following three series:
- 200 Series Stainless Steel: This product offers a low nickel content and significant cost advantages, making it suitable for tableware, cookware, architectural decoration, and other applications.
- 300 Series Stainless Steel: This product offers high nickel content and strong corrosion resistance, making it a leading stainless steel product and widely used in chemical equipment, energy equipment, food processing, and medical devices.
- 400 Series Stainless Steel: This product offers high chromium content, high-temperature resistance, and significant magnetic properties, making it primarily used in home appliance components, automotive exhaust systems, and architectural decoration.
The company utilizes a comprehensive production process encompassing electric arc furnaces, AOD refining, continuous casting, hot rolling, and cold rolling. The company also possesses proprietary refining and continuous rolling technologies, ensuring high product dimensional accuracy and excellent surface quality. Beigang New Materials also continuously introduces advanced environmental protection equipment, prioritizes energy conservation and emission reduction, and promotes wastewater and exhaust gas recycling, striving to build a green steel plant.
Industry Position and Market Performance
- Industry Ranking: Beigang New Materials’ stainless steel production ranked among the top five domestic stainless steel companies in 2022. According to industry research, Beigang New Materials’ crude stainless steel production capacity in 2022 was approximately 2.951 million tons. Beigang New Materials, a state-owned enterprise affiliated with the Beibu Gulf Group, had a total capacity of approximately 2.951 million tons.
- Regional Impact: As one of Guangxi’s largest steel projects, Beigang New Materials leverages Tieshan Port’s deepwater port and sea-rail transport network, serving not only the Guangxi region but also the South China, Southwest China, and Southeast Asian markets, serving as a key bridge for China-ASEAN cooperation.
- Innovation capability: The company has multiple R&D platforms and laboratories, owns hundreds of patented technologies, and has developed a number of independent core technologies in the field of stainless steel smelting and rolling. These technologies have improved the stability and added value of high-end stainless steel products and enhanced market competitiveness.
