Mainland China’s Leading Exporter of Steel Pipes
Hong Kong’s status as a global financial centre has enabled Chu Kong Petroleum and Natural Gas Steel Pipe Holdings Ltd (PCK) to achieve rapid growth since its establishment in the city two decades ago
Established in 1993 in Panyu District, Guangzhou, PCK is Mainland China’s largest manufacturer and exporter of longitudinal submerged arc welded steel pipes. The company’s presence in Hong Kong dates back to 1995, when it established an office in the city to expand its overseas business. In 2010 it was listed on the Main Board of the Hong Kong Stock Exchange.
Headquartered in Panyu District, Guangzhou, and with a listed company and financial services head office in Hong Kong, PCK has production bases and offices in numerous locations, including Zhuhai, Lianyungang, Jiangyin, Ningbo, Indonesia, Saudi Arabia, Dubai, Singapore, the US, Canada and Africa, which provide a combined annual production capacity of 3.38 million tonnes.
PCK provides steel pipe solutions for long-distance transportation of oil and gas, both onshore and offshore. Its products are also widely used in various industries, such as petrochemicals, mining, nuclear energy, coal-to-chemicals, offshore jackets, oil platforms, offshore wind energy, bridges and ports, piers, large steel structures, water utilities and ultrahigh-voltage electricity transmission, etc. PCK is Mainland China’s first and the only steel pipemanufacturer to produce deep sea welded pipes that can be used at a water depth of 1,500 metres. Its major clients include Mainland China’s top three state-owned oil companies (CNPC, Sinopec and CNOOC), and other large international oil companies such as Shell.
Since its listing on the Hong Kong Stock Exchange, PCK has grown rapidly into a large multinational company, which provides solutions for different industries. In order to facilitate exports, PCK operates its own port in Zhuhai and has recently established a company specialising in port services in Mainland China’s eastern port city of Lianyungang.
With the assistance of InvestHK, PCK’s remarkable development is evidenced by its participation in several major infrastructure projects, such as the Hong Kong section of China’s West-East Gas Pipeline Project, the Kai Tak Development District Cooling System, the Lyric Theatre Complex in West Kowloon Cultural District, the Hong Kong–Zhuhai–Macau Bridge, and the Central-Wan Chai Bypass.
PCK’s chairman Chen Chang said, “Our listing on the Hong Kong Stock Exchange in 2010 increased our international exposure, and the city’s reputation as a global financial centre has helped us to achieve rapid growth. Our steel pipe solutions are now sold to numerous markets worldwide, including the Middle East, America, Europe, southeast Asia and Africa.”
“Although our headquarters is located in Guangzhou, Hong Kong plays a leading role in the development of our global business. As a result, we will continue to expand our Hong Kong-based services, recruit additional talent, and participate in more infrastructure projects. We are confident that we will continue to grow in the years ahead with InvestHK’s support,” Chen said.
Thursday, June 30, 2016
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- Established in 1993 in Panyu District, Guangzhou
- Listed on the Hong Kong Stock Exchange in 2010