Zhuzhou Times New Material Technology Co., Ltd. known also as TMT, is a Chinese plastic manufacturer based in Zhuzhou, Hunan Province. The company also produced

mica Micas ( ) are a group of silicate minerals whose outstanding physical characteristic is that individual mica crystals can easily be split into extremely thin elastic plates. This characteristic is described as perfect basal cleavage. Mica is ...

History

The predecessor of TMT was found as a research division of Zhuzhou Electric Locomotive Research Institute (now , formerly CSR Zhuzhou Electric Locomotive Research Institute Co., Ltd.) in 1984. It followed the direct parent company to become part of

CSR Group CSR Group Corporation formerly known as China South Locomotive and Rolling Stock Industry (Group) Corporation (abbreviation: CSRG), was a Chinese locomotive and rolling stock manufacturer. In 2007, the major assets of the group was spin-off and f ...

in 2002 (spin off from the

Ministry of Railways A Ministry of Railways is a Cabinet department that exists or has existed in many Commonwealth states as well as others. It generally occurs in countries where railroad transportation is a particularly important part of the national infrastructure. ...

' LORIC). On 19 December 2002 the company became a listed company. In 2007 CSR Group spin off CSR Corporation Limited as the new holding company for CSR Zhuzhou Electric Locomotive Research Institute, as well as also listed in the stock exchange. In 2015, TMT became an indirect subsidiary of CRRC Group and its listed flagship CRRC.

Shareholders

As of 4 January 2017, Zhuzhou Times New Material Technology was absolutely controlled (>50%) by the state-owned CRRC Group via its flagship company CRRCvia CRRC Zhuzhou Institute (36.43%),

CRRC Zhuzhou Locomotive CRRC Zhuzhou Locomotive Co., Ltd. is one of the electric locomotive manufacturers in China. It is one of the subsidiaries of CRRC. History Predecessor Zhuzhou Electric Locomotive Works was founded in 1936. CRRC Zhuzhou Locomotive Co., Ltd. O ...

(1.54%),

CRRC Ziyang CRRC Ziyang Co., Ltd. () is a Chinese locomotive manufacturer, one of the subsidiaries of CRRC. The plant was located in Ziyang, Sichuan Province. History CRRC Ziyang Co., Ltd. (hereinafter referred to as The company) is a subsidiary of CRRC Corpo ...

(0.89%) and CRRC Dalian. and other unlisted subsidiaries.Namely, CSR Group Investment Management (8.22%), CRRC Group Zhuzhou Rolling Stock Works (1.11%), CRRC Group Nanjing Puzhen Rolling Stock Works (0.88%), CRRC Group Meishan Rolling Stock Works and CRRC Group Shijiazhuang Rolling Stock Works. Moreover, other subsidiaries of the

State Council State Council may refer to: Government * State Council of the Republic of Korea, the national cabinet of South Korea, headed by the President * State Council of the People's Republic of China, the national cabinet and chief administrative auth ...

Central Huijin Investment Central Huijin Investment Co., Ltd. is a Chinese investment company owned by the Central People's Government, government of the People's Republic of China. Established in 2003, it became a wholly owned subsidiary of China Investment Corporation, w ...

and National Council for Social Security Fund (as investment manager for the Social Security Fund), also owned minority stakes in TMT. In the top 10 (direct) shareholders, only two were not related to the state, as private equity funds of the

Bank of China The Bank of China (BOC; ) is a Chinese majority state-owned commercial bank headquartered in Beijing and the fourth largest bank in the world. The Bank of China was founded in 1912 by the Republican government as China's central bank, repl ...

and the Agricultural Bank of China (1.08% shares and 0.78% shares respectively). On 26 December 2016 – 3 January 2017, CRRC's non wholly owned subsidiary

CRRC Qingdao Sifang CRRC Qingdao Sifang Co., Ltd. () is a Chinese rolling stock manufacturer based in Qingdao, Shandong province. Founded in 1900 during the German occupation, Qingdao Sifang is one of the oldest rolling stock manufacturers in China. History Qing ...

, also sold 1.29% shares of the listed company to the general public for about each.

Footnotes

References

External links

* {{CRRC Group CRRC Group Companies listed on the Shanghai Stock Exchange Zhuzhou