China National Machinery Industry Corporation(also known asSinomach) is a Chinese conglomerate with businesses in tool making, construction equipment, agricultural equipment, and infrastructure construction. In two particular areas of construction engineering, the company is among the top in terms of revenue from international projects. Based on 2013 rankings compiled by theEngineering News-Record,the company is the third largest contractor of power projects and 8th largest contractor of industrial projects.[1]
 Sinomach headquarters inZhongguancun,Beijing | |
Native name | Trung Quốc máy móc công nghiệp tập đoàn ( quốc cơ tập đoàn ) |
|---|---|
| Company type | State owned enterprise |
| Industry | Heavy machinery, construction |
| Founded | 1997 |
| Headquarters | Beijing,China |
Area served | Worldwide |
Key people | Ren Hongbin (Chairman) |
| Products | Tractors, machinery |
| Revenue | 300,465,460,000 renminbi (2018) |
Number of employees | 80,000 |
| Subsidiaries | |
| Website | Sinomach Global(in English) |
A major subsidiary is theYTO Group,primarily a manufacturer of agriculture equipment.[2]In March 2011, YTO Group acquired McCormick France SAS, a French manufacturer of tractors, as part of strategy for entering the European tractor market.[2]
Another major subsidiary of the company is theChina Machinery Engineering Corporation(CMEC), a provider of engineering and construction services. The company expressed interest in building a 10,000 to 30,000 acre complex of industry, retail, and residential properties in the Boise area. The plan is billed as a collaboration "on the reinvigoration of the American industrial base."[3]
In June 2017, a sisterSASAC-controlled conglomerate,China Hi-Tech Group Corporation(CHTC), became a wholly owned subsidiary of Sinomach through a restructuring,[4]as part of a plan to reduce the number of SASAC directly controlled companies.[5]
On 6 April 2017, Sinomach foundedautomotivecompanyZedriv.Zedriv makes 4 electric vehicles.[6]
References
edit- ^"The Top 250 International Contractors"(PDF).Engineering News Record.Archived fromthe original(PDF)on 4 March 2016.Retrieved16 December2013.
- ^abShen, Jingting (23 March 2011)."Sinomach buys McCormick France".China Daily.
- ^Chinese company eyes BoiseIdaho Statesman 31 December 2010[dead link]
- ^Li, Shaoting (18 October 2018)."Chấp chưởng hằng thiên tập đoàn 10 năm chủ tịch trương kiệt bị tra một tay làm đại tài chính nghiệp vụ phần lãi gộp cống hiến năm gần đây co lại"[Zhang Jie, the chairman of the CHTC Group for 10 years, was investigated. The gross profit contribution of the financial business has shrunk in recent years].nbd(in Chinese).Retrieved25 January2019.
- ^"Trung Quốc hằng thiên chỉnh thể nhập vào quốc cơ tập đoàn ương xí số lượng giảm bớt đến 101 gia thủy"[CHTC is fully integrated into Sinomach. The number of central enterprises has been reduced to 101].xinhuanet(in Chinese). 30 June 2017. Archived fromthe originalon 25 January 2019.Retrieved25 January2019.
- ^"ZEDRIV".Retrieved24 November2023.