The history of Delong traces itself back to a small steel mill named Xingtai Ximou Iron & Steel, which was built in 1992. Due to poor management, the company came to the brink of collapse by 2000. In the same year, Mr Ding Liguo, currently Executive Chairman of Delong Holdings Ltd, acquired the plant and set about to rejuvenate the company with a new identity and new management methodologies. Within 2 years, the company (then known as Delong Iron & Steel) made a successful comeback and was named a key metallurgical enterprise of the Hebei Province. Under Mr Ding’s leadership, the plant underwent successive technical improvements over the course of the next few years, garnering various awards, accolades and making it as one of the top taxpaying private enterprises of the province.
In March 2005, Delong shifted into a new paradigm with the reverse acquisition of Singapore Exchange-listed Teamsphere Ltd. The new Group is held under Delong Holdings Ltd, which is based in Beijing. It is now one of the few Chinese steel companies to have achieved listed-company status in the global arena.