COFCO (; full name: China Oil and Foodstuffs Corporation) is a Chinese

state-owned State ownership, also called government ownership and public ownership, is the ownership of an industry, asset, or enterprise by the state or a public body representing a community, as opposed to an individual or private party. Public ownersh ...

food processing Food processing is the transformation of agricultural products into food, or of one form of food into other forms. Food processing includes many forms of processing foods, from grinding grain to make raw flour to home cooking to complex industr ...

holding company A holding company is a company whose primary business is holding a controlling interest in the securities of other companies. A holding company usually does not produce goods or services itself. Its purpose is to own shares of other companies ...

. COFCO Group is China's largest food processor, manufacturer and trader. It is also one of Asia's leading

agribusiness Agribusiness is the industry, enterprises, and the field of study of value chains in agriculture and in the bio-economy, in which case it is also called bio-business or bio-enterprise. The primary goal of agribusiness is to maximize profit w ...

groups alongside

Wilmar International Wilmar International Limited (); is a Singaporean food processing and investment holding company with more than 300 subsidiary companies. Founded in 1991, it is one of Asia's leading agribusiness groups alongside the COFCO Group. It ranks amongst ...

. Its headquarters are in the COFCO Fortune Plaza (中粮福临门大厦) in

Chaoyang District, Beijing Chaoyang District () is a core district of Beijing. It borders the districts of Shunyi to the northeast, Tongzhou to the east and southeast, Daxing to the south, Fengtai to the southwest, Dongcheng, Xicheng and Haidian to the west, and ...

Background

Founded in 1949, it is one of the largest SOEs of those under the direct supervision of the

SASAC The State-owned Assets Supervision and Administration Commission of the State Council (SASAC) is a special commission of the People's Republic of China, directly under the State Council. It was founded in 2003 through the consolidation of vario ...

. 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 diversified conglomerate, involving

planting Sowing is the process of planting seeds. An area or object that has had seeds planted in it will be described as a sowed or sown area. Plants which are usually sown Among the major field crops, oats, wheat, and rye are sown, grasses and leg ...

, cultivation, food-processing,

finance Finance is the study and discipline of money, currency and capital assets. It is related to, but not synonymous with economics, the study of production, distribution, and consumption of money, assets, goods and services (the discipline of fina ...

warehouse A warehouse is a building for storing goods. Warehouses are used by manufacturers, importers, exporters, wholesalers, transport businesses, customs, etc. They are usually large plain buildings in industrial parks on the outskirts of cities ...

transportation Transport (in British English), or transportation (in American English), is the intentional movement of humans, animals, and goods from one location to another. Modes of transport include air, land (rail and road), water, cable, pipeline, ...

port A port is a maritime facility comprising one or more wharves or loading areas, where ships load and discharge cargo and passengers. Although usually situated on a sea coast or estuary, ports can also be found far inland, such as Ham ...

facilities,

hotels A hotel is an establishment that provides paid lodging on a short-term basis. Facilities provided inside a hotel room may range from a modest-quality mattress in a small room to large suites with bigger, higher-quality beds, a dresser, a ref ...

and

real estate Real estate is property consisting of land and the buildings on it, along with its natural resources such as crops, minerals or water; immovable property of this nature; an interest vested in this (also) an item of real property, (more general ...

. It is one of the top 500 enterprises chosen by US's

Fortune Magazine ''Fortune'' is an American multinational business magazine headquartered in New York City. It is published by Fortune Media Group Holdings, owned by Thai businessman Chatchaval Jiaravanon. The publication was founded by Henry Luce in 1929. The ...

.Global 500 398. COFCO
/ref> COFCO has four companies listed in Hong Kong, namely, China Foods (), China Agri-Industries Holdings (), Mengniu Dairy (), and COFCO Packaging Holdings () and three companies listed in mainland China, namely, COFCO Tunhe (), COFCO Property (), and BBCA (). COFCO boasts a wide range of branded products and service portfolios, such as Fortune edible oil,

Great Wall wine China Great Wall Wine Co., Ltd. is a Chinese producer of wine based in Shacheng town, Huailai County, Zhangjiakou, Hebei province, China. By production volume, Great Wall is China's largest wine enterprise, producing 50,000 tons in 2010. Overvi ...

Mengniu dairy China Mengniu Dairy Company Limited () is a Chinese manufacturing and distribution company of dairy products and ice cream. The company is headquartered in Hohhot, Inner Mongolia and manufactures dairy products under the ''Mengniu'' brand. In J ...

, 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

China Foods Limited China Foods Limited (), shortly China Foods and formerly COFCO International Limited (), is a listed company in the Hong Kong Stock Exchange, which is engaged in food processing and food trading, including oilseed, wineries, beverage, confectio ...

, a listed subsidiary of COFCO Group *

China Agri-Industries Holdings Limited China Agri-Industries Holdings Limited () is a leading producer and supplier of processed agricultural products (including oilseed, wheat and rice) in Mainland China. Its service categories are biofuel and biochemical, oilseed processing, rice tr ...

, a listed subsidiary of COFCO Group

Equity investments

* UBS Securities (14%) *

Mengniu Dairy China Mengniu Dairy Company Limited () is a Chinese manufacturing and distribution company of dairy products and ice cream. The company is headquartered in Hohhot, Inner Mongolia and manufactures dairy products under the ''Mengniu'' brand. In J ...

(31.25%) as of December 2019

References

External links

COFCO
{{authority control Food and drink companies established in 1952 Government-owned companies of China Food manufacturers of China Trading companies of China 1952 establishments in China Chinese brands de:COFCO