COFCO Group
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Native name | Trung Quốc lương du thực phẩm ( tập đoàn ) công ty hữu hạn | ||||||
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| Company type | State-owned enterprise | ||||||
| Industry | Food processing | ||||||
| Founded | 1949 | ||||||
| Headquarters | , China | ||||||
Area served | Worldwide | ||||||
Key people | Lü Jun ( Lữ quân ) (Chairman) | ||||||
| Revenue | $72.149 billion (2020)[1] | ||||||
| Total assets | $85.847 billion (2020)[2] | ||||||
| Total equity | $12.499 billion (2020)[3] | ||||||
| Owner | SASAC | ||||||
Number of employees | 110,896 (2020)[4] | ||||||
| Subsidiaries | China Foods Limited China Agri-Industries Holdings Limited | ||||||
| Chinese name | |||||||
| Simplified Chinese | Trung Quốc lương du thực phẩm ( tập đoàn ) công ty hữu hạn | ||||||
| Traditional Chinese | Trung Quốc lương du thực phẩm ( tập đoàn ) công ty hữu hạn | ||||||
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| COFCO | |||||||
| Simplified Chinese | Trung lương | ||||||
| Traditional Chinese | Trung lương | ||||||
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| Website | www | ||||||
COFCO(Chinese:Trung lương;full name:China Oil and Foodstuffs Corporation) is a Chinesestate-ownedfood processingholding company.COFCO Group is China's largest food processor, manufacturer and trader.[5]It is also one of Asia's leadingagribusinessgroups alongsideWilmar International.
Its headquarters are in the COFCO Fortune Plaza ( trung lương phúc lâm môn cao ốc ) inChaoyang District, Beijing.[6]
Background
[edit]Founded in 1949, it is one of the largestSOEsof those under the direct supervision of theSASAC.Between 1952 and 1987, it was the sole agricultural products importer and exporter operating under direct control of the central government. In 2007, COFCO had just over 60,000 employees in multiple locations in China as well as overseas operations in countries such as Japan, US, UK, Australia and Canada.
Besides the foodstuff business, COFCO has developed into a diversifiedconglomerate,involvingplanting,cultivation,food-processing,finance,warehouse,transportation,portfacilities,hotelsandreal estate.[7][8]It is one of the top 500 enterprises chosen byUS'sFortune Magazine.[9]
COFCO has four companies listed in Hong Kong, namely, China Foods (SEHK:506), China Agri-Industries Holdings (SEHK:606), Mengniu Dairy (SEHK:2319), and COFCO Packaging Holdings (SEHK:906) and three companies listed in mainland China, namely, COFCO Tunhe (SSE:600737), COFCO Property (SZSE:000031), and BBCA (SZSE:000930). COFCO boasts a wide range of branded products and service portfolios, such as Fortune edible oil,Great Wall wine,Mengniu dairy,Lohas fruit and vegetable juice, Le Conte chocolate, Tunhe tomato products, Joycome meat products, Joy City shopping mall, Yalong Bay resorts, Gloria hotels, Snow-Lotus cashmere, Zhongcha tea products, COFCO-Aviva Life Insurance, COFCO Trust, etc.
Subsidiaries
[edit]- China Foods Limited,a listed subsidiary of the COFCO Group
- China Agri-Industries Holdings Limited,a listed subsidiary of COFCO Group
- COFCO Coca-Cola: A joint venture between COFCO andThe Coca-Cola Company.Manufacture and distribute Coca-Cola branded products in 19 provinces and municipalities in China.
Equity investments
[edit]- UBS Securities(14%)
- Mengniu Dairy(31.25%) as of December 2019
References
[edit]- ^"COFCO | 2021 Global 500".
- ^"COFCO | 2021 Global 500".
- ^"COFCO | 2021 Global 500".
- ^"COFCO | 2021 Global 500".
- ^"Trade Intelligence, Gain valuable business insights from our searchable database of thousands of articles and reports".
- ^"Contact Us".COFCO.Retrieved2020-12-30.
Address: COFCO Fortune Plaza, No.8, Chao Yang Men South St., Chao Yang District, Beijing, China
-Chinese address:"Trung Quốc Bắc Kinh ánh sáng mặt trời khu Triều Dương Môn nam đường cái 8 hào trung lương phúc lâm môn cao ốc" - ^"CHINA NATIONAL CEREALS, OILS & FOODSTUFFS IMPORT & EXPORT CORPORATION".Archived fromthe originalon 2009-01-23.Retrieved2008-11-30.
- ^China National Cereals, Oils and Foodstuffs Import and Export Corporation
- ^Global 500 398. COFCO
External links
[edit]
| International | |
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| National | |
