Baowu Group, the world's largest steel enterprise, has completed the centralized procurement ecosystem for industrial products | industrial products | steel enterprises

Release time:Apr 14, 2024 23:21 PM

Baowu Group's subsidiary, Ouye Industrial Products, recently held a signing ceremony for the introduction of strategic investors in the mixed ownership reform, announcing the successful fundraising of 1 billion yuan.

In 2020, Baowu Group established Ouye Industrial Products, responsible for the construction of the industrial product supply chain. As of June this year, the centralized procurement integration of industrial products has been completed for more than 100 units in all steel bases and diversified industrial sectors within the group.

Europe Metallurgical Industrial Products launched mixed ownership reform in May last year and delisted from the Shanghai United Property Rights Exchange on June 12 this year. It introduced Baowu Green Carbon Fund, Prolos Yinshan Capital, Xinyu Steel, Ansteel Capital, TBEA, Hebei Logistics, Shanghai Baoheng and seven other strategic investors, raising 1 billion yuan.

"OMG Industrial Products seized the opportunity of digital economy and industrial Internet development, and focused on promoting low-carbon and green transformation of the supply chain, which is in line with national policy guidance and fund investment direction. We are full of expectations for the development of the company," said Zhang Xiaodong, chairman of Huabao Equity.

"The mixed ownership reform and investment attraction can push the supply chain management experience accumulated by Eurometallurgical Industrial Products to more enterprises in the ecosystem, and elevate the overall competitiveness to a new height," said Sun Lei, Deputy Secretary of the Party Committee and Executive General Manager of CICC Investment Bank.

"The mixed ownership reform of European Metallurgical Industrial Products is not only a simple capital increase and share expansion, but also a promotion of mixed ownership reform," said Zhao Hongguang, Vice President of the Shanghai Stock Exchange. At the same time as attracting investment, Europe Metallurgical Industrial Products will also introduce strategic investors to participate in the company's board of directors and supervisory board, and participate in corporate governance.

Ouye Industrial Products has established a large-scale centralized procurement and operation control model of "one headquarters, multiple regions, and N bases", creating a large-scale and integrated modern supply chain system. The total procurement scale of materials, spare parts, and engineering equipment after integration in 2022 is 44.5 billion yuan. It is expected that the procurement scale will exceed 50 billion yuan in 2023, with over 10000 suppliers and 800000 category codes purchased.

Ouye Industrial Products has innovatively carried out digital transformation in the field of industrial products, combining the development trends of the steel industry and the pain points of traditional industry supply chains, and built a digital ecological platform that empowers supply chain transformation and upgrading, promoting the transformation of enterprises from introverted two-way procurement to open and platform based procurement supply chain management. As of now, Obey's annual commodity trading volume has exceeded 380 billion yuan, with 650000 transactions in the past year, over 3 million products listed, and a cumulative user base of over 350000. It has released nearly 2000 carbon footprint reports, and the platform ecosystem is flourishing.

"Ouye Industrial Products is currently focusing on building a knowledge map of the industrial supply chain, building a smart brain, and empowering the digital transformation of the supply chain. In the future, we will continue to deepen the construction of large-scale, digital, low-carbon, and international supply chains, further solve supply chain pain points, collaborate with the digital supply chain ecosystem for innovation, and support the development of the real economy." said Wang Jing, Chairman and President of Ouye Industrial Products.

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