News! Mr. Shen Wenrong, the founder, chairman of the shareholders' committee and chairman of the board of directors of Jiangsu Shagang Group Co., Ltd. (hereinafter referred to as Shagang Group), passed away due to illness in the early morning of June 30, 2024 at the age of 78.
Shen Wenrong joined the work in 1968 and served as the deputy director, deputy director, deputy secretary of the general party branch and deputy secretary of the party committee of Jinfeng ginning and stripping factory in Shazhou County; He has successively served as the director and secretary of the Party Committee of Shazhou County Iron and Steel Plant and Zhangjiagang Iron and Steel Plant, the Secretary of the Party Committee, the general manager, the chairman, the president, the chairman of the board of directors of Shagang Group, and the chairman of the shareholders' committee. He used to be the chairman of the 7th CPPCC Zhangjiagang City, the deputy secretary of the Zhangjiagang Municipal Committee of the Communist Party of China, a member of the Advisory Committee of the All-China Federation of Industry and Commerce, the vice president of the China Enterprise Confederation, and the chairman of the Metallurgical Chamber of Commerce of the All-China Federation of Industry and Commerce.
As far as the identity of an entrepreneur is concerned, Shen Wenrong has made outstanding achievements in the development of China's iron and steel industry, especially private iron and steel enterprises, and has also set up a monument.
Since 1975, Shen Wenrong has been involved in the establishment and development of Shagang Group. With his forward-looking strategic vision and outstanding leadership, he has developed a little-known enterprise that started with 450,000 yuan into a multinational enterprise group with total assets of more than 300 billion yuan, focusing on steel and diversified development, and has made outstanding contributions to national and local economic development.
Shen Wenrong not only led the rise of Shagang Group, but also promoted the transformation and upgrading of the entire steel industry with his unique business philosophy and foresight.
In 1988, under pressure and controversy, Shen Wenrong introduced an integrated production line from the United Kingdom, injecting new vitality into the development of China's steel industry.
In 2002, ThyssenKrupp Phoenix Steel Mill, known as the world's largest relocation project, was dismantled and started
In 2003, he led Shagang Group to complete the unprecedented "Relocation of the Century" in human history, purchasing and successfully relocating a large iron and steel enterprise from Germany, setting a model for the international development of China's steel industry.
Faced with the dilemma of widespread overcapacity in the steel industry, Shen Wenrong insisted on expanding through mergers and acquisitions rather than building new factories. Since 2006, shagang has acquired a number of iron and steel enterprises, further optimized the industrial structure, and improved the comprehensive competitiveness of enterprises.
In 2009, Shagang Group became the first enterprise in Jiangsu Province to be listed in the world's top 500 and the only private enterprise in Chinese mainland to make the list, ranking 444th with annual sales of 20.897 billion US dollars. He believes that shagang should establish a new goal, which is to build a century-old brand of shagang.
In 2011, Shagang shares were listed on the Shenzhen Stock Exchange. This marks a breakthrough in the implementation of corporate restructuring and industrial integration of Shagang Group, China's largest private iron and steel enterprise, and its involvement in the capital market to accelerate transformation and upgrading.
In April 2011, Shen Wenrong attended the listing ceremony of Shagang shares
In 2023, Shagang Group will once again be on the list with an operating income of 42.784 billion US dollars, ranking 348th. So far, Shagang Group has been shortlisted in the world's top 500 for 14 consecutive years, ranking third among domestic steel enterprises and fifth among world steel enterprises.
For this reason, Shen Wenrong has successively won the honors of "National Model Worker", "Outstanding Builder of Socialism with Chinese Characteristics", "100 Outstanding Private Entrepreneurs in the 40 Years of Reform and Opening-up" and so on.
As early as more than 10 years ago, the brand alliance formed a fate with Shen Wenrong. At the 2009 4th Brand Person of the Year Summit hosted by the Brand Alliance, Shen Wenrong was awarded the titles of "2009 China's Top Ten Brand Figures of the Year" and "60 Meritorious Brand Figures in the 60 Years of the Founding of the People's Republic of China". This is a full affirmation of the brand building achievements he has made under the leadership of Shagang Group.
Deeply mourn and deeply remember! Shen Wenrong's death is a huge loss to China's steel industry and private enterprises; His spirit and contributions will forever be engraved in the long river of history, inspiring those who come after him to keep moving forward. May Mr. rest in peace, and may Shagang Group continue to write a new brilliant chapter under his spiritual guidance! (The pictures are all from the WeChat public account of "Shagang Group")