Controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
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2020
BBMG subsidiary fined for environmental violation
Fine or penalty
Tianjin Tiantu Haobang Coatings Co., Ltd., an indirectly controlled subsidiary of BBMG, was fined RMB 40,000 for an environmental violation after it dismantled dust-removal equipment without approval. Inspectors discovered this during an on-site inspection on September 17, 2020.
Source excerpt
金隅集团（601992.SH）间接控股子公司天津天涂豪邦涂料有限公司因环境违法行为受到行政处罚。依据《天津市大气污染防治条例》第七十七条第二项，天津天涂豪邦涂料有限公司被处以罚款4万元。该处罚信息于2020年12月30日被相关监管机构披露。
天津天涂豪邦涂料有限公司未经环境保护行政主管部门批准，分散搅拌工艺擅自拆除了配套的除尘设施。于2020年9月17日执法人员进行现场检查时被发现。
2019
Former Chairman Wang Dong Sentenced to 11 Years for Bribery and Embezzlement
Wang Dong, former Party Secretary and Chairman of BBMG Group (later Director of Beijing SASAC and Chairman of Beijing Enterprises Group), was placed under supervisory detention by the Beijing Municipal Supervisory Commission in August 2019. The court found that from 2006 to 2017 he used his position to seek benefits for others in job promotions and business operations, accepting bribes of more than 11.95 million yuan, and committed embezzlement. In 2020 he was sentenced to 11 years in prison and fined 1.2 million yuan. The second instance allowed the appeal to be withdrawn, and the judgment took effect.
2018
Six Killed in Zhuolu Jinyu Cement '1·9' Collapse
During silo cleaning at No. 3 cement silo of Zhuolu Jinyu Cement, a wholly owned subsidiary of BBMG Group, hardened cement collapsed, killing six workers from an outsourced contractor and causing direct economic losses of about 5.99 million yuan. The investigation found inadequate safety management by the company and a lack of supervision of outsourced projects. It recommended a fine of 700,000 yuan against Zhuolu Jinyu Cement, with several responsible persons disciplined and fined.