Amer International Group Explained

Amer International Group
正威集团
Type:Private
Industry:Conglomerate
Founded: in Shenzhen, China
Founders:-->Wang Wenyin
Hq Location City:Shenzhen
Hq Location Country:China
Area Served:Worldwide
Owners:-->Wang Wenyin
Num Employees:17,886

Amer International Group Ltd (Chinese: c=深圳正威 (集团) 有限公司|p=Shēnzhèn zhèngwēi (jítuán) yǒuxiàn gōngsī) is a high-tech industrial enterprise, mainly dealing in non-ferrous metals and non-metallic materials. The company was founded by Chinese business magnate Wang Wenyin. Currently the company has four domestic headquarters located in Shenzhen (head office), Shanghai, Tianjin, and Chongqing, and three international headquarters in Singapore, Geneva and Los Angeles. Amer International Group has six major business sectors and investment fields: health care, energy, finance, manufacturing, resources and culture.

Amer International Group has 18 industrial parks, 3 commodity exchange centers and one "technology and innovation center" located across 13 different provinces.

The company was founded in 1995 in Shenzhen. From 2013 to 2018 Amer rose from 397th (2013) to 111th (2018) place at the Fortune Global 500 list with a turnover of $72.766 billion and net profit of $1.545 billion (2018). In 2018 Amer was ranked as 2nd largest private manufacturing enterprise and 3rd private enterprise within China.

Ranking list! colspan="13"
Year
2009201020112012201320142015201620172018201920202021
Fortune Global 500 list397th295th247th190th183rd111th119th91st68th
Top 500 Enterprises of China461st196th118th81st59th50th45th40th41st27th
Top 500 Enterprises of China's Manufacturing Industry264th94th49th30th20th18th15th12th12th6th
China Top 500 Private Enterprises5th5th5th3rd
China Top 500 Private Manufacturing Enterprises4th3rd2nd
In 2015, American molybdenum mineral development, exploration, and mining company General Moly announced a strategic partnership with Amer International Group.[1] According to the terms of the partnership, Amer acquired 40 million of Moly's shares and procured a $700 million loan for the development of the Mt. Hope Project.

The company was also in talks to buy English football club Southampton for £246 million in March 2017.[2]

Notes and References

  1. Web site: General Moly Announces Strategic Partnership with AMER International Group to Become a Major Shareholder. www.businesswire.com. en. 2017-07-05.
  2. News: 2017-03-02 . China's Amer, CITIC line up rival bid for Southampton - source . dead . https://web.archive.org/web/20170318084037/http://uk.reuters.com/article/uk-soccer-england-sou-china-idUKKBN1691Z4 . 2017-03-18 . 2017-07-05 . Reuters UK . en-GB.