Company Overview of China National Machinery Industry Corporation
China National Machinery Industry Corporation specializes in machinery research and development, machinery manufacturing, project contracting, and trade and service businesses in China and internationally. It offers heavy machinery, petro-chemical and general-purpose equipment, farming machinery, construction machinery, forestry machinery, power machinery, machine tools, electrical equipment and power plants, meters and instruments, environmental protection equipment, and machinery components. The company also provides project contracting services in the areas of power, metallurgy and mining, petro-chemical and general-purpose equipment, industrial, communication and transportation, shipbuil...
No.3 Danling Street
Founded in 1997
Key Executives for China National Machinery Industry Corporation
Chairman and Deputy Secretary of CPC
Vice Chairman and Secretary of CPC
Compensation as of Fiscal Year 2015.
China National Machinery Industry Corporation Key Developments
GE and Sinomach Sign Memorandum of Understanding to Collaborate on Clean Energy Projects
Sep 15 15
GE and Sinomach (China National Machinery Industry Corporation) signed a memorandum of understanding (MOU) to collaborate on clean energy projects, an initiative to double access to power in Sub-Saharan Africa where more than two-thirds of the population is without electricity. With the MOU, GE and Sinomach agree to: enhance cooperation for projects in Africa's clean energy sector; jointly develop, invest and finance clean energy projects under the Power Africa initiative; collaborate on the Kipeto Wind Power Project to build an installed capacity of 102 megawatts (MW) for Kenya's power grid as pilot project of agreed cooperation. The Kipeto Wind Power Project will be built in Kajiado, 80 kilometers south of Nairobi. When completed, the Kipeto project will add 102MW of capacity to the Kenyan national power grid with the installation of 47 GE 1.6-100 wind turbines and 16 GE 1.6-82.5 wind turbines (each with the capacity of 1.62MW).
China Machinery Engineering Corporation, SINOMACH and CCB (Beijing) Investment Fund Management Co., Ltd. Establishe SINOMACH Capital
Jul 16 15
China Machinery Engineering Corporation, SINOMACH, SINOMACH Subsidiaries and CCB (Beijing) Investment Fund Management Co., Ltd. have entered into the AOA of SINOMACH Capital for its establishment. Upon the establishment of SINOMACH Capital, it will be owned as to 12.66% by the company, 74.68% by SINOMACH and SINOMACH Subsidiaries and 12.66% by CCB Beijing. The business scope of SINOMACH Capital is equity investment, project investment, security investment, entrusted management of assets; project financing, raising and management of industrial funds and private funds, investment consultation and financial advisory, high and new technology development and consultation; and any other business approved by the laws and regulations (ultimately subject to the business scope having been approved by the industry and commerce authorities). The registered capital of SINOMACH Capital will be RMB 2,370,000,000 which was determined after negotiation among the investors and is based on the funding requirements of SINOMACH Capital.
Luoyang Bearing Science and Technology Co., Ltd Finances Via Private Placement to China National Machinery Industry Corporation
Dec 10 14
Luoyang Bearing Science and Technology Co. Ltd. revealed plans for private placement to controlling shareholder China National Machinery Industry Corporation (Sinomach) to finance CNY 105 million used for industrialization of high precision heavy-duty bearings, which will be fully subscribed by the latter in cash with a lockup period of 36 months.
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