China Minmetal Corporation

Company Description

China Minmetals Corporation established in 1950, is a large-size international producing and trading group of metals, minerals and electrical products. Meanwhile it is also engaged in finance, real estate, shipping, bidding and tendering, engineering projects and investment. In 1992, according to the decision by the State Council, Minmetals was formed as one of the 55 group enterprises as the first trial batch in the whole country and one of the 7 groups with the authorization to operate the state-owned assets. In 1999, Minmetals was listed among the 44 "key enterprises" managed by the Central Government. In 2006, Minmetals' total revenue reached US $18.9 billion which made it rank NO. 13 among China top 500 enterprises.China Minmetals is ranked No. 435 among the Fortune 500 companies in 2007.

With a history of more than 50 years as one of the country's major importers and exporters, Minmetals enjoys a sound reputation in the business world. Since China launched its programs of economic restructuring, reform and opening to the outside world, Minmetals has been active in competing in the market, adhering resolutely to its strategy of globalization, and investing in different fields both inside and outside the country to strengthen its main business and become diversified in other business areas at the same time. All this has brought about many increases in the Corporation's revenues as China Minmetal Corporationll as economic strength, building a strong platform for sustainable development.

Minmetals' sales network is worldwide. The Corporation owns 168 solely or jointly funded ventures in 20 provinces and special zones in China. It holds majority or minority shares in 14 domestic public companies and two red chip companies, Minmetals Resources and Minmetals Land Ltd. listed in the Hong Kong stock market. Minmetals has established 44 overseas companies in the major countries and regions in the world.