China National Machinery Industry Corporation

Established in January 1997, China National Machinery Industry Corporation (SINOMACH) is a large state-owned enterprise approved by the State Council and directly administered by the State-owned Assets Supervision and Administration Commission.
SINOMACH is a large state-owned group with the largest scale, widest diversification, most comprehensive lines of business and the strongest R&D capabilities in the Chinese machinery industry. The Group has under its portfolio 50 wholly-owned and holding subsidiaries, including 7 listed companies and more than 70 overseas service branches employing nearly 100,000 staffs globally. For years, SINOMACH has sustained annual growth rates higher than 30%, with operating revenue reaching RMB 155 billion in 2010. The group was ranked among the Global 500 for the first time in 2010 and has remained No. 1 among the top 100 Chinese machinery enterprises for years and has been rated class-A in the performance evaluation for state-owned enterprises co... [Details]