China National Machinery Industry Corporation Ltd (Sinomach), formerly known as the First Ministry of Machinery Industry, was established on Aug 7, 1952. It is an important State-owned enterprise directly managed by the central government. It inherited 70 research and design institutes, equipment manufacturing and industrial and trade enterprises from its predecessor and built itself on that foundation.
Sinomach has 140,000 employees, over 27 wholly-owned or majority-owned subsidiaries, and 13 listed companies. It is a Fortune Global 500 enterprise and has continued to rank first among the top 100 enterprises in China's machinery industry.
Sinomach is an international, diversified, comprehensive industrial equipment company committed to providing quality services globally. Its primary businesses cover five main areas of equipment manufacturing and modern manufacturing services: mechanical equipment, technical research and development, project contracting, trade and services, and finance and investment. Its service scope covers such critical national economic fields as machinery, energy, transportation, automobiles, ship building metallurgy, construction, electronics, environmental engineering, aeronautics and astronautics, and light industry. The company has a market presence in five continents, with more than 300 overseas service agencies in over 100 countries and regions.
For years, Sinomach has promoted further optimization of its resources, rebuilt its core competencies, accelerated the pace of “going global” and extensively advanced its strategic transformation with continuous technological, managerial and business model innovations. It has evolved from a traditional management-style State-owned enterprise into a modern international commercial force with the most diverse and comprehensive lines of business and strongest R&D capabilities in China’s machinery industry.
By adhering to the business philosophy of working together and pursuing win-win innovation, promoting harmonious cultural construction and focusing on coordinated development of its five major businesses, Sinomach has built four platforms for strategic resource integration, technological innovation, industry investment and international development. The company is determined to pursue high-quality development and continue as a world-class enterprise with international competitiveness, a front-runner of China’s machinery industry and a driving force of mankind’s progress.