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The predecessor of Tianjin Pipe was founded on 11 December 1987 (as Chinese: 天津无缝钢管总厂; lit. 'Tianjin Stemless Steel Pipe "Head" Factory'); it was one of the project in the Eighth Five-Year Plan of China. The factory was later incorporated as a limited company, under a law that was established in 1993.
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[12]: 281 Through this organizational approach, a large SOE or a cluster of SOEs was re-organized into an enterprise group through which a parent company controlled various subsidiaries. [ 12 ] : 281 SOEs in enterprise groups separated profit-making assets into subsidiaries which could be listed on China's stock markets, thereby introducing ...
The group's flagship subsidiary, Taigang Stainless Steel had two joint ventures with Tianjin Pipe Corporation (TPCO): "Tianjin TISCO & TPCO Stainless Steel" in a 65–35 ratio (TPCO held the stake via a non wholly owned subsidiary), as well as "Tianjin TPCO & TISCO Welding Pipe" in a 50–50 ratio respectively. [citation needed]
The company is involved in the construction of metallurgical, infrastructural facilities, other industrial projects, housing construction, municipal utility construction, installation of electrical and mechanical works, and handles high-rise buildings, mechanical engineering, electronics, power supply, petroleum, chemistry, textiles, transportation, communication, and building materials ...
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