 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 conducted by the State-owned Assets Supervision and Administration Commission.
Main businesses of SINOMACH include R&D and manufacturing of machinery equipments, project contracting as well as trade and services. Its services cover a wide range of key national economic sectors including industry, agriculture, transportation, energy, construction, light industries, automobile, ship-building, mining, metallurgy and aerospace industries, offering professional services to over 140 countries and regions around the world.
SINOMACH is remarkably strong in resource integration and utilization. Combining its profound R&D capabilities, extensive global marketing networks, strong financial strength and project financing capabilities, the Group has developed a comprehensive industrial chain covering areas such as design, R&D, manufacturing, project contracting, system integration and international trade and has fostered its unique business values and market competitive advantages.
In the business sector of R&D and manufacturing of machinery equipments, SINOMACH is the largest manufacturers of agricultural machineries, forestry machineries and geological equipments and one of the most prominent manufacturers of engineering machineries, supplying markets world-wide with many superior market-leading products. The Group also has strong R&D and system integration capabilities in areas including heavy machinery, power plant equipments, petrochemical and general-purpose equipments, machine tools, automobile engineering, basic machinery parts, meters and instruments and environmental protection equipments and has provided markets worldwide with a large amount of highly influential equipments and technologies.
In the international project contracting business sector, SINOMACH, as a world-famous international project contractor, has ranked among the top 50 of the “Top 225 International Contractors” and top 100 of the “Top 200 International Design Firms” by ENR for several years in a row. The Group is an extensively influential figure in the industry and has secured a significant market position in the engineering markets in many countries and regions around the world. In 2011, SINOMACH ranked No.26 among the “Top 225 International Contractors” and No 77 among “Top 200 International Design Firms” by ENR.
In the trade and services business sector, SINOMACH is a key gateway for exporting Chinese mechanical and electrical products and introducing advanced foreign technologies and products. The Group is the largest automotive trade and service provider in China and the largest importer and exporter in the Chinese machinery industry. The revenue from import and export trade and services, which involves mainly mechanical and electrical products, has reached USD 8.6 billion in 2010, ranking No. 13 among the top 500 Chinese foreign trade enterprises.
While adhering to its corporate philosophy of “Work Together, Win Together” and dedicated to the development of a harmony-oriented corporate culture, the SINOMACH will focus on its two major businesses of equipment manufacturing and modern manufacturing services and be committed to fostering an integrated multinational corporation in the machinery industry which is competitive on the international level. The Group aims to become a lead runner in China’s machinery industry and an active promoter in human civilization and progress. |
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