China North Industries Group Corporatio

Company Description

China North Industries Group Corporation (CNGC) is a state-owned extremely large group established with the approval of state council on the basis of some of the enterprises and units belonging to the former China China North Industries Group Corporatioaponry Industries Corporation. As an organization whose investment is authorized by the state government, it operates in the way of a state-holding corporation. CNGC has underneath 133 owned or holding enterprises, companies and research institutions, such as China Ordnance Scientific Research Academy, China North Industries Corporation (NORINCO), and the Inner Mongolian No. 1 Machine-building Group Corporation etc. It has 406,000 employees and a registered capital of 25.4 billion RMB. CNGC firmly implements the principle of combined development of military and civilian businesses. CNGC possesses civilian product and technology capabilities that cover the three main national economy fields of machinery, chemical and electro-optics industries, and enjoys strong and abundant power in the development of heavy vehicles, engineering machinery, driving transmissions, special chemicals. engineering explosions, information and control, and materials engineering etc.