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Jigang Group Launches Satellite Production, Enters Space Market

12/5/2025

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Summary

Story summary

Jigang Group, a state-owned Chinese steel producer, is transitioning to space by building satellites.
The company has secured orders for its first two satellites, marking initial market entry.
Production will start this month at a new satellite-assembly base in Jinan, Shandong, with capacity for 20 satellites per year.
In 2023 Jigang Group invested 450 million yuan (US$62 million) to establish the facility after steel operations closed in 2017.

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Story summary

Jigang Group, a state-owned Chinese steel producer, is transitioning to space by building satellites.
The company has secured orders for its first two satellites, marking initial market entry.
Production will start this month at a new satellite-assembly base in Jinan, Shandong, with capacity for 20 satellites per year.
In 2023 Jigang Group invested 450 million yuan (US$62 million) to establish the facility after steel operations closed in 2017.