Sinotrans Changhang Group Explained

Sinotrans&CSC Group
Type:State-owned enterprise
Foundation:2008
Location Country:People's Republic of China
Key People:Executive Director and President: Song Dexing[1]
Area Served:World
Industry:Shipping and Logistics
Revenue:89.044 billion renminbi (2015)[2]
Num Employees:51,511 (2015)
Homepage:www.sinotrans-csc.com

Sinotrans Changhang, or Sinotrans&CSC Holdings, is the largest logistics company of the People's Republic of China, with further interests in shipping and shipbuilding. The group is state-owned and was formed in March 2009 by the reorganisation of two other state-owned enterprises, the China National Foreign Trade Transportation (Group) Corporation (Sinotrans) and the China Changjiang National Shipping (Group) Corporation (CSC).

In December 2015 the State Council gave its approval for a further strategic reorganisation as part of a wider drive to improve the vitality and competitiveness of state-owned corporations.[3] This entailed the integration of Sinotrans Changhang into the China Merchants Group, a process which was completed by April 2017.[4]

Notes and References

  1. Web site: About Us . Senior Management . 2018-12-06.
  2. Web site: About Us . Company Profile . 2018-12-06.
  3. Web site: China Merchants, Sinotrans & CSC hold meeting on strategic restructuring . Lee . Hong Liang . Seatrade Maritime News . 2016-03-16 . 2018-12-06.
  4. Web site: China Merchants, Sinotrans & CSC complete strategic reorganisation . Lee . Hong Liang . Seatrade Maritime News . 2017-04-11 . 2018-12-06.