China National Machinery Import & Export Corporation (referred to as “CMC”) was established in 1950, and in 1998 it became a wholly owned subsidiary of China General Technology (Group) Holding Ltd., a key state-owned enterprise under direct supervision of central government. As New China’s first large-scale state-owned foreign trade company specialized in import and export of mechanical and electrical products as well as international engineering contracting business, it has realized a total business turnover of more than $100 billion since its inception. Since 2004, CMC has continuously ranked among the world’s largest 225 international contractors.
During various historical periods in China’s economic construction and development, CMC has always been the main channel of the introduction of mechanical and electrical equipment as well as machinery and electrical products trade. After it was founded 60 years ago, it has made historical contributions to national economic construction, especially the establishment and improvement of national industrial system.
Currently, CMC is an important international engineering contractor, project management contractor, and automotive supply chain service provider; whose main business covers international project contracting and large complete equipment exports, domestic trade and engineering, automotive marketing, and other sectors. With a strong business foundation, complete qualification and reputable brand, it has market competitive advantages in energy, transportation, building materials, light industry and other areas, and it enjoys extensive reputation both at home and abroad. CMC has had extensive contacts with business sectors and financial sectors in more than 160 countries and regions in the world. It also established strong cooperative relationships with domestic government agencies, financial institutions and industrial enterprises. With strong business integration and resources integration capabilities, CMC can provide customers with whole-process and integrated solutions to market development, business services, financing arrangements, key equipment manufacturing, engineering design and construction, technical services and consulting, etc.
In the future, CMC will adhere to the guidance of the scientific development concept, focus on both domestic and international markets, give priority to the development of international engineering contracting and export business of large complete equipment, innovate the development of domestic trade and engineering operations, accelerate the development of automotive marketing business, and promote the company to realize the strategic transformation of “a specialized international engineering contractor, project management contractor, and automotive supply chain service provider” and to achieve a new leap forward of restructuring and development.
The German Technologies Center and CMC operate together since early 2012. In May 2013, the opening of the German (European) Bejing Technology Promotion Center was announced. The Center as a joint project of CMC and GTC will promote the economic cooperation between China and Germany and the EU.