Is Panzhihua Titanium Industry Co., Ltd. of Panzhihua Iron and Steel Group a state-owned enterprise?

Yes Panzhihua Iron and Steel (Group) Company (Pangang for short) is a central enterprise directly managed by the State-owned Assets Supervision and Administration Commission of the State Council. For more than 40 years, Panzhihua Iron and Steel Co., Ltd. relied on the rich advantages of vanadium-titanium magnetite resources in Panxi area and made independent innovation, which promoted the leap-forward development of vanadium-titanium industry in steel. Through the construction of the first and second phase projects, technical transformation and capital operation in recent years, it has developed into a modern trans-regional and cross-industry steel vanadium and titanium enterprise group.