China National Machinery Industry Corporation (also known as Sinomach) is a Chinese conglomerate with businesses in tool making, construction equipment, agricultural equipment, and infrastructure construction. In two particular areas of construction engineering, the company is among the top in terms of revenue from international projects. Based on 2013 rankings compiled by the ''Engineering News-Record'', the company is the third largest contractor of power projects and 8th largest contractor of industrial projects.
A major subsidiary is the
YTO Group
The YTO Group Corporation is a Chinese agricultural machinery and construction machinery manufacturer part of Sinomach, a comprehensive machinery conglomerate. Although composed of many subsidiaries and divisions, the company is best known for ...
, primarily a manufacturer of agriculture equipment.
In March 2011, YTO Group acquired McCormick France SAS, a French manufacturer of tractors, as part of strategy for entering the European tractor market.
Another major subsidiary of the company is the
China Machinery Engineering Corporation
China Machinery Engineering Corporation (CMEC) is a construction and engineering company, forming one part of the China National Machinery Industry Corporation (Sinomach) group of companies. A specialization of CMEC is construction of power proje ...
(CMEC), a provider of engineering and construction services. The company expressed interest in building a 10,000 to 30,000 acre complex of industry, retail, and residential properties in the Boise area. The plan is billed as a collaboration "on the reinvigoration of the American industrial base."
In June 2017, a sister
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 ...
-controlled conglomerate,
China Hi-Tech Group Corporation
China Hi-Tech Group Corporation, Ltd. (CHTC) is a Chinese conglomerate company. The company is owned by the Chinese Central Government via State-owned Assets Supervision and Administration Commission of the State Council (SASAC). The company mai ...
(CHTC), became a wholly owned subsidiary of Sinomach through a restructuring,
as part of a plan to reduce the number of SASAC directly controlled companies.
On April 6, 2017, Sinomach founded
automotive company
A company, abbreviated as co., is a Legal personality, legal entity representing an association of people, whether Natural person, natural, Legal person, legal or a mixture of both, with a specific objective. Company members share a common p ...
Zedriv. Zedriv makes 4 electric vehicles.
References
External links
Sinomach site
{{Authority control
Manufacturing companies based in Beijing
Conglomerate companies of China
Companies established in 1997
Chinese brands
1997 establishments in China