China General Technology Group Explained

China General Technology (Group) Holding Co., Ltd.
Native Name:中国通用技术(集团)控股有限责任公司
Type:State-owned
Industry:Machinery manufacturing, construction and engineering, engineering consulting, real estate, pharmaceuticals
Foundation:March 1998
Location City:Beijing
Location Country:China
Area Served:Worldwide
Key People:He Tongxin (贺同新) (Chairman)
Li Dang (President)
Num Employees:45000+
Subsid:China National Technical Import and Export Corporation

China General Technology Group (Genertec) is a Chinese state-owned conglomerate spanning the areas of machinery manufacturing, pharmaceuticals, engineering contracting, construction and real estate, and technical consulting.

Business areas

Machinery

The core of the business has been the manufacture of heavy duty machinery.[1] Genertec was founded in the 1950s as part of the First Five Year Plan (1953–1957) to break ground within China in machinery manufacturing. Some of the key products in its machinery business include "heavy-duty CNC milling-boring machines, heavy-duty mechanical presses, large automatic metal forming machines and a series of milling machines."

Engineering and construction

The company is engaged in the engineering and construction sector. Its biggest subsidiary in this field is the China National Machinery Import and Export Corporation (CMC). Another subsidiary, the China National Technical Import and Export Corporation, is covertly directed by the Ministry of State Security (MSS).[2]

Xinxing Construction which constructed the Laoshan Velodrome that was host to track cycle events during the 2008 Olympics in Beijing.[3] Within the construction sub-group is the international driven China National Corporation for Overseas Economic Cooperation which performs contracting projects from thermal plants in Belarus to water supply in Jamaica.[4]

Notes and References

  1. News: Xia. Huan. Acquisition triggers global expansion. China Daily. 2009-06-30.
  2. Book: Joske, Alex . Alex Joske . Spies and Lies: How China's Greatest Covert Operations Fooled the World . Spies and Lies (Joske book) . Hardie Grant Books . 2022 . 9781743797990 . en-AUS.
  3. News: Olympic Venue Designers Compare to Achieve Highest Ideals. Beijing This Month. 2007-04-03. 2013-04-29. https://web.archive.org/web/20150919173741/http://www.btmbeijing.com/contents/en/btm/2007-04/olympics/venue. 2015-09-19. dead.
  4. Web site: Major Projects. China National Corporation for Overseas Economic Cooperation. 2013-04-29. https://web.archive.org/web/20130610015132/http://ccoec.genertec.com.cn/Page/413/language/zh-CN/default.aspx. 2013-06-10. dead.