Beijing and Santa Clara, Calif. -- AsiaInfo Holdings, Inc., a provider of software, solutions and services to telecom operators and enterprises in China, announced that it has signed an electronic human resource management system (e-HR) contract with Maanshan Iron and Steel Company Limited (Magang), one of China's largest iron and steel producers.
Founded in 1958, Magang is principally involved in the manufacture and sale of iron and steel products. With over 70,000 employees, Magang is the largest industrial enterprise in China's Anhui province and one of China's largest iron and steel producers with a total annual production capacity of over 10 million tons.
Magang will implement 16 modules of AsiaInfo's e-HR solution capable of supporting the entire HR process including recruitment, compensation, benefit administration, performance appraisal, training, and competence management for the company's 70,000 employees. The system will also include an HR intranet to facilitate online human resources information management, allowing for increased communication between the company's employees and management.
Following its contract with Angang Group in March of this year, the company noted that this contract represents AsiaInfo's second major deployment of its e-HR software solution to large-scale enterprises in China's iron and steel industry. This demonstrates the value Chinese enterprises are placing on Enterprise Information Solutions.